Ameriprise Financial Inc. purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 97,294 shares of the oil and gas company’s stock, valued at approximately $2,572,000. Ameriprise Financial Inc. owned about 0.16% of Delek US Holdings at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in DK. Airain ltd bought a new stake in shares of Delek US Holdings during the 2nd quarter valued at approximately $244,000. SG Americas Securities LLC bought a new stake in shares of Delek US Holdings during the 2nd quarter valued at approximately $245,000. Virtu Financial LLC bought a new stake in shares of Delek US Holdings during the 2nd quarter valued at approximately $252,000. Venturi Wealth Management LLC bought a new stake in shares of Delek US Holdings during the 2nd quarter valued at approximately $264,000. Finally, Seven Eight Capital LP bought a new stake in shares of Delek US Holdings during the 2nd quarter valued at approximately $270,000. 97.01% of the stock is currently owned by institutional investors.
In other news, insider Anthony L. Miller sold 1,509 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $26.28, for a total value of $39,656.52. Following the transaction, the insider now owns 11,370 shares in the company, valued at $298,803.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. Leonard sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $22.10, for a total transaction of $55,250.00. Following the completion of the transaction, the director now owns 23,035 shares in the company, valued at approximately $509,073.50. The disclosure for this sale can be found here. Insiders have sold 10,027 shares of company stock worth $249,830 over the last quarter. Company insiders own 1.61% of the company’s stock.
Several equities research analysts recently issued reports on DK shares. Barclays PLC reaffirmed an “equal weight” rating and set a $28.00 price target on shares of Delek US Holdings in a report on Wednesday, July 5th. Zacks Investment Research raised shares of Delek US Holdings from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $32.00 price target on shares of Delek US Holdings in a report on Friday, September 8th. BidaskClub lowered shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Scotiabank reaffirmed a “hold” rating and set a $26.00 price target on shares of Delek US Holdings in a report on Friday, September 8th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $29.10.
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Shares of Delek US Holdings, Inc. (DK) opened at 25.92 on Tuesday. Delek US Holdings, Inc. has a 52-week low of $14.76 and a 52-week high of $27.85. The firm’s market capitalization is $2.11 billion. The company’s 50-day moving average is $26.05 and its 200 day moving average is $25.17.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.37). Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $944.29 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Analysts expect that Delek US Holdings, Inc. will post $0.52 EPS for the current fiscal year.
Delek US Holdings 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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