Navellier & Associates Inc purchased a new stake in Delek US Holdings Inc (NYSE:DK) in the second quarter, Holdings Channel reports. The firm purchased 60,055 shares of the oil and gas company’s stock, valued at approximately $3,013,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Virginia Retirement Systems ET AL boosted its holdings in shares of Delek US by 9.4% in the second quarter. Virginia Retirement Systems ET AL now owns 13,900 shares of the oil and gas company’s stock valued at $697,000 after purchasing an additional 1,200 shares during the period. First Midwest Bank Trust Division lifted its holdings in Delek US by 13.2% during the second quarter. First Midwest Bank Trust Division now owns 11,345 shares of the oil and gas company’s stock worth $569,000 after buying an additional 1,322 shares during the period. Russell Investments Group Ltd. lifted its holdings in Delek US by 20.7% during the first quarter. Russell Investments Group Ltd. now owns 7,800 shares of the oil and gas company’s stock worth $317,000 after buying an additional 1,337 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Delek US by 2.3% during the first quarter. The Manufacturers Life Insurance Company now owns 60,596 shares of the oil and gas company’s stock worth $2,466,000 after buying an additional 1,387 shares during the period. Finally, Amalgamated Bank lifted its holdings in Delek US by 20.1% during the second quarter. Amalgamated Bank now owns 12,667 shares of the oil and gas company’s stock worth $636,000 after buying an additional 2,117 shares during the period. Hedge funds and other institutional investors own 98.58% of the company’s stock.

A number of analysts have weighed in on DK shares. TheStreet upgraded Delek US from a “c+” rating to a “b” rating in a report on Wednesday. ValuEngine upgraded Delek US from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded Delek US from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Wednesday, April 18th. Morgan Stanley upped their target price on Delek US from $44.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, April 16th. Finally, Royal Bank of Canada restated a “buy” rating and set a $49.00 target price on shares of Delek US in a report on Friday, April 13th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. Delek US presently has a consensus rating of “Buy” and a consensus target price of $49.57.

Shares of Delek US opened at $51.95 on Friday, Marketbeat Ratings reports. The firm has a market cap of $4.48 billion, a PE ratio of 41.23, a price-to-earnings-growth ratio of 1.12 and a beta of 1.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.89 and a current ratio of 1.34. Delek US Holdings Inc has a 12-month low of $20.65 and a 12-month high of $61.57.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Tuesday, August 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, August 20th. Delek US’s payout ratio is presently 79.37%.

In other news, Director William J. Finnerty sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $50.45, for a total transaction of $100,900.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ernest C. Cagle sold 9,682 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $50.12, for a total value of $485,261.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 227,636 shares of company stock worth $12,184,183. Insiders own 1.40% of the company’s stock.

Delek US Profile

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.

Further Reading: Understanding Stock Ratings

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

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