Delek US Holdings, Inc. (DK) Holdings Reduced by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,358,661 shares of the oil and gas company’s stock after selling 57,260 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.90% of Delek US worth $62,387,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of DK. Canada Pension Plan Investment Board boosted its holdings in shares of Delek US by 51.5% in the second quarter. Canada Pension Plan Investment Board now owns 242,900 shares of the oil and gas company’s stock valued at $6,422,000 after purchasing an additional 82,600 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of Delek US during the 2nd quarter worth approximately $2,572,000. Strs Ohio purchased a new position in shares of Delek US during the 3rd quarter worth approximately $1,200,000. BNP Paribas Arbitrage SA boosted its position in shares of Delek US by 65.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,068 shares of the oil and gas company’s stock worth $398,000 after purchasing an additional 5,966 shares during the period. Finally, Boston Advisors LLC boosted its position in shares of Delek US by 10.2% during the 3rd quarter. Boston Advisors LLC now owns 151,950 shares of the oil and gas company’s stock worth $4,062,000 after purchasing an additional 14,070 shares during the period. 93.24% of the stock is currently owned by institutional investors and hedge funds.
In related news, COO Frederec Green sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel L. Gordon sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.16, for a total transaction of $26,160.00. Following the completion of the sale, the insider now directly owns 18,572 shares in the company, valued at approximately $485,843.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,124 shares of company stock worth $4,283,006. Company insiders own 1.61% of the company’s stock.
DK has been the subject of a number of research analyst reports. Cowen reaffirmed a “buy” rating and set a $33.00 price objective on shares of Delek US in a research report on Friday, November 10th. Zacks Investment Research raised shares of Delek US from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, November 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 price objective on shares of Delek US in a research report on Wednesday, October 18th. Tudor Pickering raised shares of Delek US from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Scotiabank reissued a “hold” rating and issued a $26.00 price target on shares of Delek US in a research report on Friday, September 8th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Delek US currently has a consensus rating of “Buy” and an average target price of $30.83.
Delek US Holdings, Inc. (NYSE:DK) traded down $0.82 during midday trading on Thursday, reaching $32.32. 989,400 shares of the company’s stock were exchanged, compared to its average volume of 1,061,638. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2,699.32, a price-to-earnings ratio of 254.92, a PEG ratio of 4.54 and a beta of 2.02. Delek US Holdings, Inc. has a one year low of $20.65 and a one year high of $33.74.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.86%. Delek US’s dividend payout ratio (DPR) is 37.97%.
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Delek US Company Profile
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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