State Board of Administration of Florida Retirement System lessened its position in shares of Delek US Holdings, Inc. (NYSE:DK – Get Rating) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,221 shares of the oil and gas company’s stock after selling 2,480 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Delek US were worth $681,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new position in shares of Delek US during the 4th quarter valued at $488,000. LPL Financial LLC lifted its holdings in Delek US by 25.3% during the 4th quarter. LPL Financial LLC now owns 16,052 shares of the oil and gas company’s stock worth $433,000 after purchasing an additional 3,237 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Delek US by 232.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,176 shares of the oil and gas company’s stock worth $815,000 after purchasing an additional 21,095 shares in the last quarter. Symmetry Investments LP purchased a new stake in Delek US during the 4th quarter worth about $1,752,000. Finally, SG Americas Securities LLC lifted its holdings in Delek US by 422.6% during the 4th quarter. SG Americas Securities LLC now owns 56,436 shares of the oil and gas company’s stock worth $1,524,000 after purchasing an additional 45,636 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.
Delek US Price Performance
DK opened at $22.14 on Thursday. The stock’s 50 day simple moving average is $22.38 and its 200 day simple moving average is $25.95. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.11 and a quick ratio of 0.65. Delek US Holdings, Inc. has a 1 year low of $19.39 and a 1 year high of $35.45. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 5.07, a PEG ratio of 1.04 and a beta of 1.46.
Delek US Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, May 22nd. Investors of record on Monday, May 15th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.16%. This is a positive change from Delek US’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, May 12th. Delek US’s dividend payout ratio (DPR) is presently 21.05%.
Insiders Place Their Bets
In other Delek US news, CEO Avigal Soreq acquired 6,775 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was acquired at an average price of $22.63 per share, for a total transaction of $153,318.25. Following the acquisition, the chief executive officer now owns 94,400 shares in the company, valued at approximately $2,136,272. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Avigal Soreq bought 6,775 shares of the stock in a transaction dated Tuesday, March 14th. The stock was bought at an average price of $22.63 per share, for a total transaction of $153,318.25. Following the purchase, the chief executive officer now directly owns 94,400 shares in the company, valued at approximately $2,136,272. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Reuven Spiegel purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average price of $22.60 per share, for a total transaction of $45,200.00. Following the completion of the transaction, the chief financial officer now directly owns 33,148 shares of the company’s stock, valued at $749,144.80. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on DK shares. TheStreet raised Delek US from a “c” rating to a “b” rating in a report on Monday, May 8th. UBS Group started coverage on Delek US in a report on Wednesday, March 8th. They set a “neutral” rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Delek US from $27.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, March 28th. Raymond James decreased their target price on Delek US from $35.00 to $32.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 14th. Finally, Morgan Stanley upped their target price on Delek US from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, January 20th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.42.
About Delek US
Delek US Holdings, Inc engages in petroleum refining, and the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.
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