Ameriprise Financial Inc. boosted its position in Delek US Holdings, Inc. (NYSE:DK) by 371.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 458,456 shares of the oil and gas company’s stock after purchasing an additional 361,162 shares during the period. Ameriprise Financial Inc. owned about 0.56% of Delek US worth $12,254,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Delek US by 968.9% during the 3rd quarter. SG Americas Securities LLC now owns 99,214 shares of the oil and gas company’s stock valued at $2,652,000 after acquiring an additional 89,932 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Delek US during the 3rd quarter valued at approximately $114,000. Hanseatic Management Services Inc. lifted its position 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 acquiring an additional 5,954 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Delek US by 23.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 972,646 shares of the oil and gas company’s stock valued at $25,999,000 after acquiring an additional 187,896 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Delek US by 34.0% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,856,792 shares of the oil and gas company’s stock valued at $49,632,000 after acquiring an additional 470,895 shares during the period. Hedge funds and other institutional investors own 93.19% of the company’s stock.
In related news, insider Anthony L. Miller sold 1,155 shares of Delek US stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $32.79, for a total transaction of $37,872.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Assi Ginzburg sold 20,000 shares of Delek US stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $560,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 195,631 shares of company stock valued at $6,333,903 over the last three months. Corporate insiders own 1.61% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 1.86%. Delek US’s dividend payout ratio is presently 37.97%.
A number of equities research analysts have recently issued reports on DK shares. Macquarie upgraded shares of Delek US from a “neutral” rating to an “outperform” rating in a research report on Monday, October 23rd. Wells Fargo & Company upgraded shares of Delek US from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Tuesday, November 14th. Raymond James Financial upgraded Delek US from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $32.00 to $35.00 in a research report on Monday, November 13th. Tudor Pickering upgraded Delek US from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Cowen restated a “buy” rating and set a $33.00 price objective on shares of Delek US in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $31.67.
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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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