Diversified Trust Co Boosts Stake in Delek US Holdings, Inc. (NYSE:DK)

Diversified Trust Co raised its position in Delek US Holdings, Inc. (NYSE:DK) by 15.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,824 shares of the oil and gas company’s stock after buying an additional 1,472 shares during the period. Diversified Trust Co’s holdings in Delek US were worth $333,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DK. Hsbc Holdings PLC grew its position in shares of Delek US by 47.5% during the 3rd quarter. Hsbc Holdings PLC now owns 18,303 shares of the oil and gas company’s stock valued at $518,000 after acquiring an additional 5,891 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Delek US during the 3rd quarter valued at approximately $7,464,000. Public Employees Retirement System of Ohio bought a new position in shares of Delek US during the 3rd quarter valued at approximately $731,000. First Hawaiian Bank bought a new position in shares of Delek US during the 4th quarter valued at approximately $203,000. Finally, Raymond James & Associates bought a new position in shares of Delek US during the 4th quarter valued at approximately $13,295,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DK shares. Mizuho reduced their target price on shares of Delek US from $31.00 to $27.00 and set an “underperform” rating for the company in a research report on Thursday, June 20th. Wells Fargo & Company cut their price objective on shares of Delek US from $26.00 to $25.00 and set an “underweight” rating for the company in a report on Thursday, June 6th. TD Cowen downgraded shares of Delek US from a “hold” rating to a “sell” rating and cut their price objective for the stock from $25.00 to $20.00 in a report on Monday, June 10th. Scotiabank raised their price objective on shares of Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Delek US from $25.00 to $23.00 and set an “underweight” rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Delek US presently has a consensus rating of “Hold” and a consensus target price of $26.80.

Insider Buying and Selling

In other Delek US news, Director Richard J. Marcogliese bought 2,750 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average price of $23.99 per share, for a total transaction of $65,972.50. Following the transaction, the director now directly owns 42,863 shares in the company, valued at $1,028,283.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 2,854 shares of company stock worth $78,241 in the last 90 days. 0.35% of the stock is owned by company insiders.

Delek US Stock Performance

Delek US stock opened at $24.60 on Friday. The firm’s fifty day moving average price is $26.17 and its 200-day moving average price is $27.23. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.64 and a current ratio of 1.04. The stock has a market cap of $1.58 billion, a P/E ratio of -19.84 and a beta of 1.19. Delek US Holdings, Inc. has a fifty-two week low of $21.68 and a fifty-two week high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.15. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The business’s quarterly revenue was down 17.8% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. On average, equities research analysts expect that Delek US Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Thursday, May 16th. This is a boost from Delek US’s previous quarterly dividend of $0.25. Delek US’s dividend payout ratio (DPR) is presently -80.65%.

Delek US Company Profile

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.