BlackRock Inc. acquired a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,416,899 shares of the oil and gas company's stock, valued at approximately $275,233,000. BlackRock Inc. owned approximately 8.84% of Delek US as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Thoroughbred Financial Services LLC increased its holdings in shares of Delek US by 1.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company's stock worth $805,000 after purchasing an additional 348 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Delek US by 1.8% in the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company's stock worth $654,000 after buying an additional 400 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in Delek US by 23.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company's stock worth $67,000 after buying an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company's stock worth $26,000 after buying an additional 432 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in Delek US by 2.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company's stock worth $492,000 after buying an additional 507 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Delek US
In other Delek US news, Director William J. Finnerty sold 1,457 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $64.70, for a total value of $94,267.90. Following the sale, the director owned 33,348 shares in the company, valued at $2,157,615.60. The trade was a 4.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Marcogliese sold 2,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $71.05, for a total value of $142,100.00. Following the sale, the director directly owned 12,880 shares in the company, valued at $915,124. This trade represents a 13.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 152,925 shares of company stock valued at $10,013,091. 3.56% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
DK has been the topic of a number of recent analyst reports. Zacks Research raised shares of Delek US from a "hold" rating to a "strong-buy" rating in a report on Friday, June 26th. Citigroup reissued a "neutral" rating on shares of Delek US in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Delek US from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 9th. Weiss Ratings upgraded shares of Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Finally, Raymond James Financial lifted their target price on shares of Delek US from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $53.15.
Read Our Latest Research Report on Delek US
Delek US Stock Performance
Shares of DK opened at $70.78 on Thursday. The business has a 50-day simple moving average of $59.52 and a two-hundred day simple moving average of $48.31. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. Delek US Holdings, Inc. has a 52 week low of $25.66 and a 52 week high of $72.00. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.47 and a beta of 0.57.
Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.67 by $2.81. The firm had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The business's quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.56) EPS. On average, analysts expect that Delek US Holdings, Inc. will post 10.1 EPS for the current year.
Delek US Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US's dividend payout ratio is presently 28.65%.
About Delek US
(
Free Report)
Delek US Holdings, Inc NYSE: DK is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.
In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.
Read More
Want to see what other hedge funds are holding DK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delek US Holdings, Inc. (NYSE:DK - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Delek US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delek US wasn't on the list.
While Delek US currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
