Nordea Investment Management AB Holds Position in Delek US Holdings, Inc. (DK)
Nordea Investment Management AB held its stake in shares of Delek US Holdings, Inc. (NYSE:DK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,017 shares of the oil and gas company’s stock at the end of the second quarter. Nordea Investment Management AB owned about 0.12% of Delek US Holdings worth $2,036,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in DK. Ameritas Investment Partners Inc. bought a new stake in Delek US Holdings during the 1st quarter worth approximately $129,000. Amalgamated Bank acquired a new stake in Delek US Holdings during the 2nd quarter valued at $207,000. Virginia Retirement Systems ET AL increased its holdings in Delek US Holdings by 6.3% during the 1st quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock valued at $222,000 after purchasing an additional 545 shares in the last quarter. Airain ltd acquired a new stake in Delek US Holdings during the 2nd quarter valued at $244,000. Finally, SG Americas Securities LLC acquired a new stake in Delek US Holdings during the 2nd quarter valued at $245,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
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DK has been the topic of a number of recent analyst reports. J P Morgan Chase & Co reissued a “neutral” rating and issued a $28.00 price objective on shares of Delek US Holdings in a research note on Tuesday, July 11th. Wolfe Research upgraded Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut Delek US Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. BidaskClub raised Delek US Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $28.00 price target on shares of Delek US Holdings in a research report on Wednesday, July 5th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Delek US Holdings presently has a consensus rating of “Hold” and an average target price of $29.00.
Delek US Holdings, Inc. (NYSE DK) opened at 26.74 on Tuesday. The firm’s market capitalization is $2.18 billion. The firm’s 50-day moving average is $24.47 and its 200-day moving average is $24.86. Delek US Holdings, Inc. has a 52-week low of $14.76 and a 52-week high of $27.85.
Delek US Holdings (NYSE:DK) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing the 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 firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $944.29 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. Delek US Holdings’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts expect that Delek US Holdings, Inc. will post $0.21 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Monday, August 21st. Delek US Holdings’s dividend payout ratio (DPR) is currently -25.86%.
In related news, insider Daniel L. Gordon sold 1,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total value of $26,160.00. Following the completion of the sale, the insider now directly owns 18,572 shares in the company, valued at $485,843.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald Norman Holmes sold 1,018 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $25.19, for a total value of $25,643.42. Following the completion of the sale, the insider now owns 30,989 shares of the company’s stock, valued at $780,612.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,027 shares of company stock worth $249,830. Company insiders own 1.61% of the company’s stock.
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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