Huntington National Bank continued to hold its stake in Delek US Holdings Inc. (NYSE:DK) during the second quarter, Holdings Channel reports. The institutional investor owned 3,503 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Delek US Holdings were worth $139,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of DK. Old Mutual Global Investors UK Ltd. raised its stake in Delek US Holdings by 6.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 39,161 shares of the company’s stock valued at $517,000 after buying an additional 2,234 shares in the last quarter. Foundry Partners LLC acquired a new stake in Delek US Holdings during the second quarter valued at about $217,000. Squarepoint Ops LLC raised its stake in Delek US Holdings by 213.8% in the first quarter. Squarepoint Ops LLC now owns 68,400 shares of the company’s stock valued at $1,043,000 after buying an additional 46,600 shares in the last quarter. Barclays PLC raised its stake in Delek US Holdings by 24,546.6% in the first quarter. Barclays PLC now owns 107,952 shares of the company’s stock valued at $1,619,000 after buying an additional 107,514 shares in the last quarter. Finally, Mount Lucas Management LP raised its stake in Delek US Holdings by 11.4% in the first quarter. Mount Lucas Management LP now owns 31,987 shares of the company’s stock valued at $487,000 after buying an additional 3,274 shares in the last quarter. 92.18% of the stock is owned by institutional investors.
Shares of Delek US Holdings Inc. (NYSE:DK) traded down 2.80% on Friday, hitting $17.34. The stock had a trading volume of 738,172 shares. The company’s market cap is $1.07 billion. The company has a 50-day moving average of $17.45 and a 200-day moving average of $14.90. Delek US Holdings Inc. has a 52-week low of $11.41 and a 52-week high of $29.90.
Delek US Holdings (NYSE:DK) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative return on equity of 0.87% and a negative net margin of 0.90%. On average, equities analysts anticipate that Delek US Holdings Inc. will post ($1.40) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 19th. This represents a $0.60 annualized dividend and a yield of 3.46%. Delek US Holdings’s payout ratio is currently -75.00%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Delek US Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Co. cut Delek US Holdings from an “outperform” rating to a “market perform” rating and set a $18.00 price objective for the company. in a report on Wednesday, September 21st. Piper Jaffray Cos. upped their price objective on Delek US Holdings from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, September 16th. Raymond James Financial Inc. upped their price objective on Delek US Holdings from $20.00 to $21.00 and gave the stock a “hold” rating in a report on Thursday, September 15th. Finally, Citigroup Inc. assumed coverage on Delek US Holdings in a report on Wednesday, September 14th. They issued a “buy” rating and a $23.00 price objective for the company. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.57.
About Delek US Holdings
Delek US Holdings, Inc is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd).
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