Delek US Holdings, Inc. $DK Stake Boosted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its holdings in Delek US Holdings, Inc. (NYSE:DK) by 64.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,050 shares of the oil and gas company’s stock after buying an additional 9,800 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Delek US were worth $531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC grew its holdings in Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock worth $35,000 after buying an additional 1,164 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new position in Delek US in the 1st quarter worth approximately $47,000. GAMMA Investing LLC grew its holdings in Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock worth $63,000 after buying an additional 3,746 shares in the last quarter. State of Wyoming bought a new position in Delek US in the 1st quarter worth approximately $95,000. Finally, Farther Finance Advisors LLC grew its holdings in Delek US by 77.4% in the 1st quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company’s stock worth $110,000 after buying an additional 3,105 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Activity at Delek US

In other news, CFO Robert G. Wright sold 7,135 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total transaction of $208,627.40. Following the completion of the sale, the chief financial officer owned 48,294 shares in the company, valued at approximately $1,412,116.56. This represents a 12.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Cowen raised Delek US from a “sell” rating to a “hold” rating in a report on Friday, September 19th. Wolfe Research raised Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Wednesday, September 3rd. The Goldman Sachs Group increased their price target on Delek US from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Delek US in a research note on Wednesday, October 8th. Finally, Raymond James Financial increased their price target on Delek US from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.15.

Delek US Price Performance

Shares of NYSE:DK opened at $33.82 on Friday. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $35.96. The stock has a fifty day moving average of $29.48 and a 200-day moving average of $22.52. The company has a market capitalization of $2.03 billion, a PE ratio of -2.75 and a beta of 1.01. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company had revenue of $2.96 billion during the quarter. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 11th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, August 11th. Delek US’s dividend payout ratio is -8.30%.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. 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.