Ion Asset Management Ltd. reduced its position in Delek US Holdings, Inc. (NYSE:DK) by 11.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,296,208 shares of the oil and gas company’s stock after selling 168,809 shares during the period. Delek US Holdings accounts for approximately 11.3% of Ion Asset Management Ltd.’s portfolio, making the stock its 4th largest holding. Ion Asset Management Ltd. owned approximately 2.09% of Delek US Holdings worth $34,272,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL increased its position in shares of Delek US Holdings by 44.5% during the second quarter. Tudor Investment Corp ET AL now owns 17,834 shares of the oil and gas company’s stock valued at $472,000 after buying an additional 5,492 shares during the period. QS Investors LLC increased its position in shares of Delek US Holdings by 6.2% during the second quarter. QS Investors LLC now owns 146,103 shares of the oil and gas company’s stock valued at $3,863,000 after buying an additional 8,568 shares during the period. Voya Investment Management LLC increased its position in shares of Delek US Holdings by 12.5% during the second quarter. Voya Investment Management LLC now owns 27,817 shares of the oil and gas company’s stock valued at $735,000 after buying an additional 3,089 shares during the period. OxFORD Asset Management LLP bought a new stake in shares of Delek US Holdings during the second quarter valued at about $1,261,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of Delek US Holdings by 4.8% during the second quarter. Parametric Portfolio Associates LLC now owns 221,182 shares of the oil and gas company’s stock valued at $5,848,000 after buying an additional 10,177 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Holdings, Inc. (NYSE:DK) traded up 1.06% on Friday, hitting $26.73. 1,037,246 shares of the company traded hands. The firm’s 50 day moving average price is $24.00 and its 200 day moving average price is $24.77. Delek US Holdings, Inc. has a 1-year low of $14.76 and a 1-year high of $27.85. The firm’s market capitalization is $2.18 billion.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.37). Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $944.29 million. During the same quarter in the previous year, the firm earned ($0.08) EPS. Delek US Holdings’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Delek US Holdings, Inc. will post $0.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Monday, August 21st. Delek US Holdings’s payout ratio is currently -25.86%.

Several brokerages have recently weighed in on DK. BidaskClub cut Delek US Holdings from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Tudor Pickering reiterated a “hold” rating on shares of Delek US Holdings in a research report on Wednesday, July 12th. Cowen and Company reiterated a “buy” rating and set a $30.00 price target on shares of Delek US Holdings in a research report on Thursday, August 17th. Zacks Investment Research cut Delek US Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Citigroup Inc. cut Delek US Holdings from a “buy” rating to a “neutral” rating and set a $29.00 price target on the stock. in a research report on Friday, July 14th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $29.00.

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In other 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 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 available at this hyperlink. Also, Director Carlos E. Jorda sold 4,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $25.78, for a total value of $103,120.00. Following the completion of the transaction, the director now directly owns 47,835 shares of the company’s stock, valued at $1,233,186.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,027 shares of company stock valued at $249,830. 1.61% of the stock is owned by company insiders.

About Delek US Holdings

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 Holdings (NYSE:DK)

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