Legal & General Group Plc Purchases Shares of 51,808 Delek US Holdings, Inc. $DK

Legal & General Group Plc acquired a new position in Delek US Holdings, Inc. (NYSE:DK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 51,808 shares of the oil and gas company’s stock, valued at approximately $2,632,000. Legal & General Group Plc owned 0.08% of Delek US as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Delek US by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after acquiring an additional 38,577 shares during the period. Williamson Legacy Group LLC purchased a new position in Delek US during the 4th quarter valued at $1,095,000. Bank of America Corp DE lifted its position in shares of Delek US by 118.0% in the 1st quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock worth $38,138,000 after purchasing an additional 458,004 shares during the period. Highbridge Capital Management LLC purchased a new stake in Delek US in the fourth quarter worth about $1,093,000. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of Delek US by 281.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock valued at $2,049,000 after purchasing an additional 33,553 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of recent research reports. Raymond James Financial lifted their price objective on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. TD Cowen boosted their price target on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. increased their price objective on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Citigroup restated a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Delek US has a consensus rating of “Moderate Buy” and a consensus price target of $59.09.

Insider Buying and Selling at Delek US

In other Delek US news, EVP Mark Hobbs sold 20,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $64.59, for a total transaction of $1,291,800.00. Following the completion of the transaction, the executive vice president owned 104,326 shares in the company, valued at $6,738,416.34. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.21, for a total transaction of $682,100.00. Following the completion of the transaction, the executive vice president directly owned 36,435 shares of the company’s stock, valued at $2,485,231.35. The trade was a 21.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 153,645 shares of company stock worth $10,248,392 over the last three months. 3.56% of the stock is owned by company insiders.

Delek US Trading Down 0.3%

Shares of DK opened at $72.21 on Friday. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The firm has a market cap of $4.42 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.59. The company has a 50 day simple moving average of $63.46 and a two-hundred day simple moving average of $50.06. Delek US Holdings, Inc. has a 1 year low of $25.85 and a 1 year high of $77.40.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating the consensus estimate of $2.67 by $2.81. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business’s revenue was up 47.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.56) EPS. On average, equities analysts expect that Delek US Holdings, Inc. will post 11.05 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 1.4%. Delek US’s dividend payout ratio is presently 28.65%.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.