KBC Group NV lowered its stake in Delek US Holdings, Inc. (NYSE:DK) by 12.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,546 shares of the oil and gas company’s stock after selling 13,276 shares during the period. KBC Group NV owned 0.11% of Delek US worth $2,394,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in DK. Quantbot Technologies LP bought a new stake in shares of Delek US during the 3rd quarter valued at $114,000. Hanseatic Management Services Inc. boosted its holdings in shares of Delek US by 18,606.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 5,954 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Delek US by 51.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 2,412 shares in the last quarter. Amalgamated Bank bought a new stake in shares of Delek US during the 2nd quarter valued at $207,000. Finally, ETRADE Capital Management LLC bought a new stake in shares of Delek US during the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 93.24% of the company’s stock.
In other news, insider Donald Norman Holmes sold 4,476 shares of Delek US stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $32.74, for a total value of $146,544.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony L. Miller sold 1,509 shares of Delek US stock in a transaction dated 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 202,003 shares of company stock valued at $6,490,611. 1.61% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, November 21st. Delek US’s dividend payout ratio is presently 37.97%.
A number of brokerages have recently commented on DK. Bank of America cut shares of Delek US from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Friday. Wells Fargo & Company restated a “positive” rating on shares of Delek US in a report on Thursday, November 23rd. Tudor Pickering upgraded shares of Delek US from a “hold” rating to a “buy” rating in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Delek US from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, November 16th. Finally, Raymond James Financial upgraded shares of Delek US from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $32.00 to $35.00 in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Delek US presently has a consensus rating of “Buy” and a consensus target price of $31.08.
Delek US Company Profile
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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