US Bancorp DE lowered its stake in Delek US Holdings, Inc. (NYSE:DK) by 15.9% during the second quarter, Holdings Channel reports. The fund owned 22,506 shares of the oil and gas company’s stock after selling 4,243 shares during the period. US Bancorp DE’s holdings in Delek US Holdings were worth $596,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Guggenheim Capital LLC increased its stake in shares of Delek US Holdings by 13.9% in the fourth quarter. Guggenheim Capital LLC now owns 22,572 shares of the oil and gas company’s stock valued at $544,000 after buying an additional 2,749 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Delek US Holdings by 62.7% in the fourth quarter. Teachers Advisors LLC now owns 829,746 shares of the oil and gas company’s stock valued at $19,972,000 after buying an additional 319,699 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Delek US Holdings by 42.2% in the first quarter. Bank of Montreal Can now owns 31,228 shares of the oil and gas company’s stock valued at $758,000 after buying an additional 9,266 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Delek US Holdings by 23.2% in the first quarter. Nationwide Fund Advisors now owns 185,565 shares of the oil and gas company’s stock valued at $4,504,000 after buying an additional 34,943 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Delek US Holdings during the first quarter valued at $737,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Delek US Holdings, Inc. (NYSE:DK) traded down 1.61% during midday trading on Tuesday, hitting $22.00. 237,852 shares of the company’s stock were exchanged. Delek US Holdings, Inc. has a 1-year low of $14.76 and a 1-year high of $27.85. The stock’s 50 day moving average is $25.74 and its 200-day moving average is $24.57. The stock’s market cap is $1.37 billion.

Delek US Holdings (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.37. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) EPS. Analysts predict that Delek US Holdings, Inc. will post ($0.22) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.68%. Delek US Holdings’s dividend payout ratio is currently -25.86%.

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Several equities research analysts recently weighed in on DK shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $32.00 target price on shares of Delek US Holdings in a research note on Thursday, April 20th. Citigroup Inc. reaffirmed a “buy” rating and set a $29.00 target price (down from $32.00) on shares of Delek US Holdings in a research note on Saturday, April 22nd. Goldman Sachs Group, Inc. (The) raised shares of Delek US Holdings from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $30.00 in a research note on Tuesday, May 16th. ValuEngine raised shares of Delek US Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of Delek US Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Delek US Holdings has a consensus rating of “Hold” and an average target price of $24.02.

In other news, Chairman Ezra Uzi Yemin sold 202,806 shares of Delek US Holdings stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $25.41, for a total transaction of $5,153,300.46. Following the sale, the chairman now owns 344,890 shares in the company, valued at $8,763,654.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $26.80, for a total transaction of $30,444.80. Following the sale, the insider now owns 13,683 shares in the company, valued at approximately $366,704.40. The disclosure for this sale can be found here. Insiders have sold 238,345 shares of company stock worth $6,072,096 in the last quarter. Insiders own 1.42% 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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Institutional Ownership by Quarter for Delek US Holdings (NYSE:DK)

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