Retirement Systems of Alabama Has $3.05 Million Stake in Delek US Holdings, Inc. (DK)
Retirement Systems of Alabama lifted its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 19.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 114,182 shares of the oil and gas company’s stock after acquiring an additional 18,300 shares during the quarter. Retirement Systems of Alabama owned 0.14% of Delek US Holdings worth $3,052,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Midwest Bank Trust Division grew its stake in Delek US Holdings by 1.8% in the second quarter. First Midwest Bank Trust Division now owns 13,732 shares of the oil and gas company’s stock worth $365,000 after purchasing an additional 237 shares in the last quarter. GSA Capital Partners LLP grew its stake in Delek US Holdings by 5.7% in the second quarter. GSA Capital Partners LLP now owns 35,100 shares of the oil and gas company’s stock worth $928,000 after purchasing an additional 1,900 shares in the last quarter. Van ECK Associates Corp grew its stake in Delek US Holdings by 15.9% in the second quarter. Van ECK Associates Corp now owns 15,029 shares of the oil and gas company’s stock worth $397,000 after purchasing an additional 2,057 shares in the last quarter. Foundry Partners LLC grew its stake in Delek US Holdings by 34.2% in the second quarter. Foundry Partners LLC now owns 11,775 shares of the oil and gas company’s stock worth $311,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Delek US Holdings by 12.5% in the second quarter. Voya Investment Management LLC now owns 27,817 shares of the oil and gas company’s stock worth $735,000 after purchasing an additional 3,089 shares in the last quarter. 77.02% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. Scotiabank set a $26.00 price target on Delek US Holdings and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Delek US Holdings from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Friday, November 10th. Tudor Pickering upgraded Delek US Holdings from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 price target on shares of Delek US Holdings in a research note on Friday, September 8th. Finally, Cowen and Company reiterated a “buy” rating and issued a $33.00 price target on shares of Delek US Holdings in a research note on Friday, November 10th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $30.83.
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Delek US Holdings, Inc. (NYSE DK) opened at $32.00 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $2,507.91, a P/E ratio of 236.85, a PEG ratio of 4.81 and a beta of 1.92. Delek US Holdings, Inc. has a 52-week low of $19.09 and a 52-week high of $32.08.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 1.88%. Delek US Holdings’s dividend payout ratio is presently 37.97%.
In other news, insider Anthony L. Miller sold 1,509 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $26.28, for a total transaction of $39,656.52. Following the completion of the transaction, the insider now directly owns 11,370 shares in the company, valued at $298,803.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Frederec Green sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,527 shares of company stock valued at $1,034,580. Insiders own 1.61% of the company’s stock.
Delek US Holdings 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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