Delek US Holdings, Inc. (NYSE:DK) Stock Position Reduced by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its position in shares of Delek US Holdings, Inc. (NYSE:DKGet Rating) by 37.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,592 shares of the oil and gas company’s stock after selling 13,833 shares during the period. WINTON GROUP Ltd’s holdings in Delek US were worth $610,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Advisor Group Holdings Inc. raised its position in shares of Delek US by 44.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 486 shares during the period. Pinebridge Investments L.P. raised its position in shares of Delek US by 386.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,945 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 1,545 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Delek US by 61.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 793 shares during the period. Aaron Wealth Advisors LLC acquired a new stake in shares of Delek US during the 1st quarter worth approximately $324,000. Finally, Amalgamated Bank acquired a new stake in shares of Delek US during the 1st quarter worth approximately $168,000. Institutional investors own 94.99% of the company’s stock.

Analyst Upgrades and Downgrades

DK has been the topic of a number of research reports. Cowen increased their price target on Delek US to $30.00 in a research report on Tuesday, September 20th. TheStreet upgraded Delek US from a “c” rating to a “b-” rating in a research report on Thursday, August 4th. Piper Sandler raised their target price on Delek US from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, November 9th. Scotiabank upgraded Delek US from a “sector underperform” rating to a “sector perform” rating and set a $35.00 target price on the stock in a research report on Tuesday, November 8th. Finally, JPMorgan Chase & Co. decreased their price target on Delek US from $28.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.50.

Delek US Stock Performance

DK opened at $34.04 on Friday. The firm has a market cap of $2.37 billion, a PE ratio of 7.29, a P/E/G ratio of 0.36 and a beta of 1.44. The company has a quick ratio of 0.63, a current ratio of 1.05 and a debt-to-equity ratio of 2.08. The business has a fifty day simple moving average of $29.30 and a 200-day simple moving average of $28.11. Delek US Holdings, Inc. has a fifty-two week low of $14.07 and a fifty-two week high of $35.23.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 17th. This is a positive change from Delek US’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.47%. Delek US’s dividend payout ratio (DPR) is currently 17.13%.

Delek US Company Profile

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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.

See Also

Institutional Ownership by Quarter for Delek US (NYSE:DK)

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