Envestnet Asset Management Inc. grew its stake in Delek US Holdings Inc (NYSE:DK) by 1,712.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,338 shares of the oil and gas company’s stock after buying an additional 2,209 shares during the period. Envestnet Asset Management Inc.’s holdings in Delek US were worth $117,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Virginia Retirement Systems ET AL boosted its stake in shares of Delek US by 9.4% in the 2nd 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 in the last quarter. First Midwest Bank Trust Division boosted its stake in shares of Delek US by 13.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 11,345 shares of the oil and gas company’s stock valued at $569,000 after purchasing an additional 1,322 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Delek US by 20.7% in the 1st quarter. Russell Investments Group Ltd. now owns 7,800 shares of the oil and gas company’s stock valued at $317,000 after purchasing an additional 1,337 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Delek US by 2.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 60,596 shares of the oil and gas company’s stock valued at $2,466,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Delek US by 20.1% in the 2nd quarter. Amalgamated Bank now owns 12,667 shares of the oil and gas company’s stock valued at $636,000 after purchasing an additional 2,117 shares in the last quarter. 97.67% of the stock is owned by institutional investors and hedge funds.

Shares of DK opened at $44.46 on Wednesday. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 0.91 and a beta of 1.29. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.36 and a quick ratio of 0.96. Delek US Holdings Inc has a twelve month low of $25.02 and a twelve month high of $61.57.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, August 7th. The oil and gas company reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.11). Delek US had a net margin of 3.69% and a return on equity of 12.23%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.51 billion. equities research analysts forecast that Delek US Holdings Inc will post 4.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Tuesday, August 21st were issued a $0.25 dividend. The ex-dividend date was Monday, August 20th. This represents a $1.00 annualized dividend and a yield of 2.25%. Delek US’s dividend payout ratio (DPR) is presently 79.37%.

In other Delek US news, Director David Wiessman sold 60,000 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $54.10, for a total value of $3,246,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jared Serff sold 1,787 shares of the company’s stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $50.30, for a total transaction of $89,886.10. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on DK shares. Credit Suisse Group increased their price target on shares of Delek US from $54.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday, June 4th. Raymond James dropped their price target on shares of Delek US from $70.00 to $60.00 and set a “strong-buy” rating for the company in a research report on Monday. Morgan Stanley increased their price target on shares of Delek US from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, July 16th. Barclays started coverage on shares of Delek US in a research report on Friday, June 15th. They set an “overweight” rating for the company. Finally, ValuEngine raised shares of Delek US from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. Delek US currently has an average rating of “Buy” and a consensus price target of $51.36.

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

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