Psagot Investment House Ltd. lifted its holdings in shares of Delek US Holdings Inc (NYSE:DK) by 80.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 568,752 shares of the oil and gas company’s stock after purchasing an additional 252,776 shares during the period. Psagot Investment House Ltd.’s holdings in Delek US were worth $20,714,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of DK. Whittier Trust Co. of Nevada Inc. increased its position in shares of Delek US by 37.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 6,336 shares of the oil and gas company’s stock worth $231,000 after acquiring an additional 1,712 shares in the last quarter. Whittier Trust Co. grew its position in Delek US by 5.0% in the 1st quarter. Whittier Trust Co. now owns 39,628 shares of the oil and gas company’s stock worth $1,443,000 after purchasing an additional 1,904 shares in the last quarter. Bank of Montreal Can grew its position in Delek US by 255.2% in the 1st quarter. Bank of Montreal Can now owns 185,917 shares of the oil and gas company’s stock worth $6,771,000 after purchasing an additional 133,571 shares in the last quarter. James Investment Research Inc. bought a new stake in Delek US in the 1st quarter worth about $735,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Delek US in the 1st quarter worth about $1,911,000.
A number of equities research analysts have issued reports on DK shares. Royal Bank of Canada downgraded shares of Delek US from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 7th. Barclays reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Delek US in a research report on Friday, January 11th. Morgan Stanley downgraded shares of Delek US from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $52.00 to $40.00 in a research report on Wednesday, January 9th. Citigroup cut shares of Delek US from a “buy” rating to a “neutral” rating and dropped their target price for the company from $45.00 to $32.92 in a research note on Friday, January 18th. Finally, Mizuho reiterated a “buy” rating and issued a $60.00 target price on shares of Delek US in a research note on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $49.39.
DK opened at $37.95 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.04 and a current ratio of 1.45. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 1.00 and a beta of 1.33. Delek US Holdings Inc has a twelve month low of $29.51 and a twelve month high of $61.57.
Delek US (NYSE:DK) last released its earnings results on Tuesday, February 19th. The oil and gas company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.32. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Delek US had a net margin of 3.52% and a return on equity of 23.22%. As a group, research analysts anticipate that Delek US Holdings Inc will post 3.78 earnings per share for the current fiscal year.
In other Delek US news, CFO Assi Ginzburg sold 10,478 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $38.95, for a total value of $408,118.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by insiders.
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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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