Tygh Capital Management Inc. Sells 88,824 Shares of Delek US Holdings Inc (NYSE:DK)
Tygh Capital Management Inc. lessened its stake in shares of Delek US Holdings Inc (NYSE:DK) by 41.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,898 shares of the oil and gas company’s stock after selling 88,824 shares during the quarter. Tygh Capital Management Inc. owned approximately 0.17% of Delek US worth $5,142,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC grew its stake in shares of Delek US by 82.4% in the second quarter. Janus Henderson Group PLC now owns 1,276,278 shares of the oil and gas company’s stock worth $51,715,000 after purchasing an additional 576,457 shares during the last quarter. First Trust Advisors LP boosted its position in Delek US by 353.4% during the first quarter. First Trust Advisors LP now owns 506,195 shares of the oil and gas company’s stock valued at $18,436,000 after acquiring an additional 394,557 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in Delek US by 38.1% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,049,314 shares of the oil and gas company’s stock valued at $38,216,000 after acquiring an additional 289,314 shares during the last quarter. Psagot Investment House Ltd. boosted its position in Delek US by 80.0% during the first quarter. Psagot Investment House Ltd. now owns 568,752 shares of the oil and gas company’s stock valued at $20,714,000 after acquiring an additional 252,776 shares during the last quarter. Finally, Ion Asset Management Ltd. boosted its position in Delek US by 15.3% during the second quarter. Ion Asset Management Ltd. now owns 1,904,807 shares of the oil and gas company’s stock valued at $77,182,000 after acquiring an additional 252,702 shares during the last quarter.
In other news, COO Frederec Green sold 11,526 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $40.76, for a total transaction of $469,799.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Avigal Soreq sold 4,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $41.30, for a total transaction of $165,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,554 shares of company stock valued at $974,576. Company insiders own 1.20% of the company’s stock.
Shares of DK traded up $0.83 on Wednesday, reaching $33.61. The company’s stock had a trading volume of 25,070 shares, compared to its average volume of 1,475,530. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. Delek US Holdings Inc has a twelve month low of $29.51 and a twelve month high of $56.36. The stock has a market capitalization of $2.51 billion, a PE ratio of 6.98 and a beta of 1.65. The firm has a fifty day moving average of $38.22 and a 200-day moving average of $36.57.
Delek US (NYSE:DK) last posted its quarterly earnings data on Monday, August 5th. The oil and gas company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.40. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.32 billion. Delek US had a net margin of 5.51% and a return on equity of 27.58%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. As a group, equities analysts anticipate that Delek US Holdings Inc will post 4.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be paid a $0.29 dividend. This is a positive change from Delek US’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 16th. This represents a $1.16 annualized dividend and a yield of 3.45%. Delek US’s dividend payout ratio (DPR) is 24.17%.
About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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