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.
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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.
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