Delek US Holdings, Inc. (DK) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. lifted its holdings in Delek US Holdings, Inc. (NYSE:DK) by 123.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 57,601 shares of the oil and gas company’s stock after purchasing an additional 31,877 shares during the quarter. Prudential Financial Inc. owned about 0.07% of Delek US worth $1,540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Amalgamated Bank bought a new stake in Delek US in the second quarter worth approximately $207,000. Aperio Group LLC bought a new stake in Delek US in the third quarter worth approximately $236,000. Airain ltd bought a new stake in Delek US in the second quarter worth approximately $244,000. SG Americas Securities LLC bought a new stake in Delek US in the second quarter worth approximately $245,000. Finally, Venturi Wealth Management LLC bought a new stake in Delek US in the second quarter worth approximately $264,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Shares of Delek US Holdings, Inc. (DK) traded down $0.82 during trading hours on Thursday, hitting $32.32. The company had a trading volume of 989,400 shares, compared to its average volume of 1,061,638. The stock has a market capitalization of $2,699.32, a PE ratio of 254.92, a price-to-earnings-growth ratio of 4.54 and a beta of 2.02. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.49. Delek US Holdings, Inc. has a one year low of $20.65 and a one year high of $33.74.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 1.86%. Delek US’s payout ratio is 37.97%.

In other Delek US news, insider Anthony L. Miller sold 1,509 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was 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 of the company’s stock, valued at $298,803.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Donald Norman Holmes sold 1,018 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $25.19, for a total value of $25,643.42. Following the completion of the transaction, the insider now directly owns 30,989 shares in the company, valued at approximately $780,612.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 136,124 shares of company stock worth $4,283,006. 1.61% of the stock is owned by insiders.

Several equities research analysts have recently commented on DK shares. BidaskClub downgraded Delek US from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Cowen restated a “buy” rating and set a $30.00 price objective on shares of Delek US in a report on Thursday, August 17th. Scotiabank restated a “hold” rating and set a $26.00 price objective on shares of Delek US in a report on Friday, September 8th. Royal Bank Of Canada restated a “buy” rating and set a $32.00 price objective on shares of Delek US in a report on Friday, September 8th. Finally, Zacks Investment Research upgraded Delek US from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $30.83.

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

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