Stevens Capital Management LP grew its stake in shares of Delek US Holdings Inc (NYSE:DK) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,227 shares of the oil and gas company’s stock after purchasing an additional 3,414 shares during the quarter. Stevens Capital Management LP owned approximately 0.06% of Delek US worth $2,131,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Delek US during the second quarter valued at approximately $105,000. Envestnet Asset Management Inc. boosted its stake in shares of Delek US by 1,712.4% during the second quarter. Envestnet Asset Management Inc. now owns 2,338 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 2,209 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in shares of Delek US during the second quarter valued at approximately $162,000. Ashburton Jersey Ltd purchased a new stake in shares of Delek US during the second quarter valued at approximately $224,000. Finally, Rothschild Investment Corp IL purchased a new stake in shares of Delek US during the third quarter valued at approximately $235,000.
Shares of Delek US stock opened at $39.51 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.43 and a debt-to-equity ratio of 0.96. The company has a market cap of $3.26 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.32. Delek US Holdings Inc has a 52 week low of $29.92 and a 52 week high of $61.57.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 20th will be issued a $0.26 dividend. This is an increase from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, November 19th. This represents a $1.04 dividend on an annualized basis and a yield of 2.63%. Delek US’s dividend payout ratio is 82.54%.
DK has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Delek US from a “buy” rating to a “hold” rating in a report on Monday, August 6th. ValuEngine upgraded Delek US from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Tudor Pickering downgraded Delek US from a “buy” rating to a “hold” rating in a report on Friday. Credit Suisse Group decreased their target price on Delek US from $67.00 to $59.00 and set an “outperform” rating for the company in a report on Tuesday, October 9th. Finally, TheStreet upgraded Delek US from a “c+” rating to a “b” rating in a report on Wednesday, August 8th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $52.14.
In other Delek US news, EVP Avigal Soreq sold 1,500 shares of the stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $40.21, for a total value of $60,315.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
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About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
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