Van Lanschot Kempen Investment Management N.V. Sells 8,132 Shares of Delek US Holdings, Inc. (NYSE:DK)
Van Lanschot Kempen Investment Management N.V. trimmed its position in shares of Delek US Holdings, Inc. (NYSE:DK – Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 546,227 shares of the oil and gas company’s stock after selling 8,132 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 0.82% of Delek US worth $12,536,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Gladius Capital Management LP bought a new stake in Delek US during the first quarter valued at about $33,000. Advisor Group Holdings Inc. boosted its holdings in Delek US by 44.3% during 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 during the period. Parkside Financial Bank & Trust boosted its holdings in Delek US by 61.3% during the first quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 793 shares during the period. Captrust Financial Advisors boosted its holdings in Delek US by 354.4% during the second quarter. Captrust Financial Advisors now owns 4,626 shares of the oil and gas company’s stock valued at $120,000 after acquiring an additional 3,608 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Delek US during the fourth quarter valued at about $173,000. 97.01% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Delek US news, Director Laurie Z. Tolson sold 2,700 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $26.67, for a total transaction of $72,009.00. Following the sale, the director now directly owns 12,340 shares of the company’s stock, valued at $329,107.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.
Delek US Trading Up 4.7 %
NYSE:DK traded up $1.22 during mid-day trading on Monday, hitting $26.97. The company’s stock had a trading volume of 884,100 shares, compared to its average volume of 1,475,004. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 1.10. Delek US Holdings, Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $35.45. The stock has a fifty day moving average of $25.70 and a 200-day moving average of $24.08.
Delek US (NYSE:DK – Get Free Report) last issued its quarterly earnings data on Monday, August 7th. The oil and gas company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.26. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Delek US had a negative net margin of 0.31% and a positive return on equity of 19.37%. The company’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.40 earnings per share. On average, equities research analysts expect that Delek US Holdings, Inc. will post 3.9 EPS for the current year.
Delek US Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 3.49%. This is a boost from Delek US’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, August 11th. Delek US’s dividend payout ratio is currently -116.05%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on DK. StockNews.com began coverage on shares of Delek US in a research report on Thursday, August 17th. They set a “hold” rating for the company. Raymond James upped their price objective on shares of Delek US from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Morgan Stanley cut their price objective on shares of Delek US from $27.00 to $25.00 and set an “underweight” rating for the company in a research report on Tuesday, July 18th. TheStreet lowered shares of Delek US from a “b” rating to a “c+” rating in a research report on Monday, August 7th. Finally, Piper Sandler upped their price objective on shares of Delek US from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.00.
Get Our Latest Stock Analysis on Delek US
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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