Hsbc Holdings PLC Buys New Shares in Delek US Holdings, Inc. $DK

Hsbc Holdings PLC purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 29,890 shares of the oil and gas company's stock, valued at approximately $1,568,000.

A number of other large investors have also recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of Delek US by 18.4% in the 1st quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company's stock valued at $4,201,000 after purchasing an additional 43,379 shares during the period. AQR Capital Management LLC bought a new stake in shares of Delek US during the 1st quarter valued at about $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Delek US by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company's stock worth $560,000 after purchasing an additional 1,102 shares during the period. Jones Financial Companies Lllp grew its stake in Delek US by 3,979.8% during the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company's stock worth $307,000 after purchasing an additional 19,899 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Delek US by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company's stock worth $2,213,000 after purchasing an additional 9,827 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DK has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Delek US from $73.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, August 18th. Zacks Research raised shares of Delek US from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 26th. Morgan Stanley lifted their price objective on shares of Delek US from $41.00 to $45.00 and gave the company an "equal weight" rating in a research note on Friday, June 12th. TD Cowen lifted their price objective on shares of Delek US from $58.00 to $76.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Finally, Raymond James Financial boosted their target price on shares of Delek US from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $53.15.

Insider Buying and Selling

In other Delek US news, EVP Mark Wayne Hobbs sold 20,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $64.59, for a total transaction of $1,291,800.00. Following the completion of the sale, the executive vice president owned 104,326 shares in the company, valued at approximately $6,738,416.34. The trade was a 16.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Avigal Soreq sold 80,000 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the transaction, the chief executive officer owned 231,486 shares in the company, valued at approximately $15,396,133.86. The trade was a 25.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 148,016 shares of company stock worth $9,789,125 over the last quarter. Corporate insiders own 3.56% of the company's stock.

Delek US Stock Performance

Shares of Delek US stock opened at $73.93 on Tuesday. Delek US Holdings, Inc. has a one year low of $25.85 and a one year high of $75.24. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.43 and a beta of 0.57. The business has a 50-day simple moving average of $61.34 and a 200 day simple moving average of $49.10. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the company earned ($0.56) earnings per share. The company's quarterly revenue was up 47.9% on a year-over-year basis. On average, research analysts anticipate that Delek US Holdings, Inc. will post 11.05 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US's dividend payout ratio is presently 28.65%.

Delek US Profile

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.

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