Newbridge Financial Services Group Inc. decreased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK – Get Rating) by 42.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,008 shares of the oil and gas company's stock after selling 750 shares during the period. Newbridge Financial Services Group Inc.'s holdings in Delek US were worth $26,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. boosted its stake in shares of Delek US by 44.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 486 shares in the last quarter. Rhumbline Advisers grew its stake in Delek US by 0.8% during the fourth quarter. Rhumbline Advisers now owns 100,360 shares of the oil and gas company's stock worth $1,504,000 after buying an additional 780 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Delek US by 61.3% during the first quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company's stock worth $44,000 after buying an additional 793 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Delek US by 28.5% during the first quarter. Great West Life Assurance Co. Can now owns 8,310 shares of the oil and gas company's stock worth $188,000 after buying an additional 1,842 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Delek US by 4.6% in the first quarter. KBC Group NV now owns 57,111 shares of the oil and gas company's stock valued at $1,212,000 after acquiring an additional 2,500 shares during the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.
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Shares of DK opened at $24.62 on Monday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 5.12, a PEG ratio of 0.17 and a beta of 1.51. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 1.08. The business's fifty day moving average price is $26.98 and its two-hundred day moving average price is $25.96. Delek US Holdings, Inc. has a 52 week low of $14.07 and a 52 week high of $35.23.
Delek US (NYSE:DK – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The oil and gas company reported $4.40 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $1.93. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $4.09 billion. Delek US had a return on equity of 30.44% and a net margin of 2.09%. The business's quarterly revenue was up 173.0% compared to the same quarter last year. During the same period last year, the company earned ($0.88) EPS. On average, analysts predict that Delek US Holdings, Inc. will post 9.45 earnings per share for the current year.Delek US Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were given a $0.20 dividend. The ex-dividend date was Friday, August 19th. This represents a $0.80 annualized dividend and a dividend yield of 3.25%. Delek US's dividend payout ratio is currently 16.63%.
Wall Street Analysts Forecast Growth
DK has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on Delek US from $47.00 to $46.00 and set an "overweight" rating for the company in a report on Monday, September 12th. The Goldman Sachs Group raised their target price on Delek US to $34.00 in a research note on Tuesday, September 6th. Wells Fargo & Company upped their price target on shares of Delek US from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 21st. Credit Suisse Group increased their price objective on shares of Delek US to $32.00 in a report on Thursday, June 9th. Finally, TheStreet raised shares of Delek US from a "c" rating to a "b-" rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Delek US currently has an average rating of "Hold" and an average price target of $31.92.
Delek US Company Profile
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Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock 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 terminal.
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