Adams Diversified Equity Fund Inc. Takes $764,000 Position in Delek US Holdings, Inc. (DK)

Adams Diversified Equity Fund Inc. purchased a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,600 shares of the oil and gas company’s stock, valued at approximately $764,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new stake in shares of Delek US Holdings in the second quarter valued at $207,000. Aperio Group LLC acquired a new stake in shares of Delek US Holdings in the third quarter valued at $236,000. Airain ltd acquired a new stake in shares of Delek US Holdings in the second quarter valued at $244,000. SG Americas Securities LLC acquired a new stake in shares of Delek US Holdings in the second quarter valued at $245,000. Finally, Virtu Financial LLC acquired a new stake in shares of Delek US Holdings in the second quarter valued at $252,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2017/11/02/adams-diversified-equity-fund-inc-takes-764000-position-in-delek-us-holdings-inc-dk.html.

Delek US Holdings (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.37). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) earnings per share.

In other Delek US Holdings news, insider Anthony L. Miller sold 1,509 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $26.28, for a total value of $39,656.52. Following the completion of the transaction, the insider now directly owns 11,370 shares of the company’s stock, valued at approximately $298,803.60. 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 transaction, the insider now directly owns 18,572 shares of the company’s stock, valued at $485,843.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,027 shares of company stock valued at $249,830. 1.61% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on DK shares. Barclays PLC reiterated an “equal weight” rating and issued a $28.00 price objective on shares of Delek US Holdings in a research note on Wednesday, July 5th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $28.00 price objective on shares of Delek US Holdings in a research note on Tuesday, July 11th. Tudor Pickering reiterated a “hold” rating on shares of Delek US Holdings in a research note on Wednesday, July 12th. Citigroup Inc. cut Delek US Holdings from a “buy” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research note on Friday, July 14th. Finally, BidaskClub cut Delek US Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $29.10.

Delek US Holdings 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.

Institutional Ownership by Quarter for Delek US Holdings (NYSE:DK)

What are top analysts saying about Delek US Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Delek US Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit