State Board of Administration of Florida Retirement System lessened its stake in Delek US Holdings Inc (NYSE:DK) by 23.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,734 shares of the oil and gas company’s stock after selling 11,770 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Delek US were worth $1,227,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Private Capital Group LLC boosted its position in shares of Delek US by 258.4% during the 4th quarter. Private Capital Group LLC now owns 853 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 615 shares in the last quarter. Ayalon Holdings Ltd. bought a new position in shares of Delek US during the 4th quarter valued at about $91,000. Quantamental Technologies LLC bought a new position in shares of Delek US during the 4th quarter valued at about $117,000. Paragon Capital Management Ltd purchased a new stake in Delek US during the fourth quarter valued at about $239,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Delek US during the third quarter valued at about $256,000.
In related news, EVP Avigal Soreq sold 1,500 shares of the stock in a transaction that occurred 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 SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
Delek US (NYSE:DK) last released its quarterly earnings data on Tuesday, February 19th. The oil and gas company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.32. Delek US had a return on equity of 23.17% and a net margin of 3.52%. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $3.03 billion. On average, sell-side analysts anticipate that Delek US Holdings Inc will post 4.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 4th. This represents a $1.08 dividend on an annualized basis and a yield of 2.99%. This is an increase from Delek US’s previous quarterly dividend of $0.26. Delek US’s dividend payout ratio is currently 21.67%.
DK has been the subject of a number of research analyst reports. ValuEngine lowered shares of Delek US from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Morgan Stanley reduced their price target on shares of Delek US from $62.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, November 20th. Tudor Pickering lowered shares of Delek US from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. JPMorgan Chase & Co. lowered shares of Delek US from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $53.00 to $48.00 in a research report on Monday, December 10th. Finally, Zacks Investment Research raised shares of Delek US from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $51.16.
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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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