Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Delek US Holdings Inc (NYSE:DK) by 42.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,333 shares of the oil and gas company’s stock after acquiring an additional 2,200 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Delek US were worth $311,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in DK. FMR LLC boosted its holdings in shares of Delek US by 4.7% in the 3rd quarter. FMR LLC now owns 10,402,331 shares of the oil and gas company’s stock valued at $441,371,000 after buying an additional 468,853 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Delek US by 0.4% in the 3rd quarter. BlackRock Inc. now owns 5,829,259 shares of the oil and gas company’s stock valued at $247,336,000 after buying an additional 21,141 shares during the last quarter. RR Advisors LLC acquired a new stake in shares of Delek US in the 3rd quarter valued at approximately $1,739,000. Artemis Investment Management LLP boosted its holdings in shares of Delek US by 41.0% in the 3rd quarter. Artemis Investment Management LLP now owns 824,528 shares of the oil and gas company’s stock valued at $34,981,000 after buying an additional 239,690 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Delek US by 572.8% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 231,761 shares of the oil and gas company’s stock valued at $9,834,000 after buying an additional 197,313 shares during the last quarter.
Shares of Delek US stock opened at $37.80 on Friday. Delek US Holdings Inc has a 1 year low of $29.92 and a 1 year high of $61.57. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 0.88 and a beta of 1.32. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.43 and a quick ratio of 0.97.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 20th were issued a dividend of $0.26 per share. This is an increase from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, November 19th. This represents a $1.04 annualized dividend and a yield of 2.75%. Delek US’s dividend payout ratio (DPR) is currently 82.54%.
Several research firms have recently commented on DK. ValuEngine raised Delek US from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Raymond James cut their price objective on Delek US from $70.00 to $60.00 and set a “strong-buy” rating for the company in a report on Monday, September 24th. Barclays cut their price objective on Delek US from $62.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, October 3rd. Goldman Sachs Group downgraded Delek US from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, October 9th. Finally, Credit Suisse Group cut their price objective on Delek US from $67.00 to $59.00 and set an “outperform” rating for the company in a report on Tuesday, October 9th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $52.14.
In other Delek US news, EVP Avigal Soreq sold 1,500 shares of the stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $40.21, for a total transaction of $60,315.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.
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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