Nationwide Fund Advisors cut its position in shares of Delek US Holdings Inc. (NYSE:DK) by 26.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,099 shares of the company’s stock after selling 40,236 shares during the period. Nationwide Fund Advisors owned 0.18% of Delek US Holdings worth $1,507,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Deprince Race & Zollo Inc. purchased a new position in Delek US Holdings during the second quarter worth approximately $36,729,000. Emerald Acquisition Ltd. purchased a new position in Delek US Holdings during the second quarter worth approximately $16,852,000. Bogle Investment Management L P DE purchased a new position in Delek US Holdings during the first quarter worth approximately $11,671,000. JPMorgan Chase & Co. increased its position in Delek US Holdings by 88.3% in the first quarter. JPMorgan Chase & Co. now owns 1,610,152 shares of the company’s stock worth $24,539,000 after buying an additional 755,054 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in Delek US Holdings by 195,145.3% in the first quarter. Loomis Sayles & Co. L P now owns 482,256 shares of the company’s stock worth $7,350,000 after buying an additional 482,009 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.
Delek US Holdings Inc. (NYSE:DK) opened at 17.14 on Tuesday. The firm’s market capitalization is $1.06 billion. The company has a 50 day moving average price of $17.46 and a 200-day moving average price of $14.98. Delek US Holdings Inc. has a one year low of $11.41 and a one year high of $29.90.
Delek US Holdings (NYSE:DK) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.08) earnings per share for the quarter, beating the 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 predict that Delek US Holdings Inc. will post ($1.40) EPS for the current year.
A number of research analysts have commented on the company. Credit Suisse Group AG downgraded Delek US Holdings from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $17.00 to $19.50 in a report on Tuesday, October 11th. Barclays PLC reaffirmed an “equal weight” rating and set a $19.00 target price (up previously from $16.00) on shares of Delek US Holdings in a report on Monday, October 10th. Zacks Investment Research downgraded Delek US Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Wells Fargo & Co. downgraded Delek US Holdings from an “outperform” rating to a “market perform” rating and set a $18.00 target price on the stock. in a report on Wednesday, September 21st. Finally, Piper Jaffray Cos. raised their price target on Delek US Holdings from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, September 16th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.88.
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).