Shell Asset Management Co. lessened its holdings in shares of Delek US Holdings, Inc. (NYSE:DK – Get Rating) by 7.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,883 shares of the oil and gas company’s stock after selling 1,616 shares during the period. Shell Asset Management Co.’s holdings in Delek US were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Thoroughbred Financial Services LLC raised its stake in shares of Delek US by 246.9% during the first quarter. Thoroughbred Financial Services LLC now owns 50,120 shares of the oil and gas company’s stock valued at $1,063,000 after purchasing an additional 35,670 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Delek US by 8.4% in the 1st quarter. Victory Capital Management Inc. now owns 5,180,855 shares of the oil and gas company’s stock worth $109,967,000 after acquiring an additional 401,246 shares during the period. Advisor Group Holdings Inc. boosted its holdings in shares of Delek US by 44.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 486 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Delek US by 25.4% during the first quarter. Russell Investments Group Ltd. now owns 1,256,229 shares of the oil and gas company’s stock valued at $26,655,000 after acquiring an additional 254,547 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Delek US by 67.3% during the first quarter. New York State Common Retirement Fund now owns 85,246 shares of the oil and gas company’s stock worth $1,809,000 after purchasing an additional 34,306 shares in the last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
DK has been the topic of several research analyst reports. TheStreet upgraded Delek US from a “c” rating to a “b-” rating in a research report on Thursday, August 4th. Raymond James increased their target price on shares of Delek US from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, November 7th. Wolfe Research upgraded shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Wednesday, September 14th. Morgan Stanley increased their price objective on Delek US to $27.00 in a research report on Tuesday. Finally, Piper Sandler lifted their target price on Delek US from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Delek US has a consensus rating of “Hold” and an average price target of $33.75.
Delek US Stock Up 1.3 %
Delek US Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be given a dividend of $0.21 per share. This is a boost from Delek US’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 17th. This represents a $0.84 dividend on an annualized basis and a yield of 2.45%. Delek US’s dividend payout ratio (DPR) is presently 17.13%.
Delek US Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.
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