WINTON GROUP Ltd boosted its stake in shares of Delek US Holdings, Inc. (NYSE:DK – Free Report) by 445.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 57,800 shares of the oil and gas company’s stock after purchasing an additional 47,200 shares during the period. WINTON GROUP Ltd’s holdings in Delek US were worth $2,937,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in shares of Delek US by 118.0% during the 1st quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after buying an additional 458,004 shares in the last quarter. Williamson Legacy Group LLC purchased a new position in Delek US in the 4th quarter valued at approximately $1,095,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Delek US by 1,173.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock valued at $28,322,000 after acquiring an additional 879,900 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in Delek US by 281.5% during 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 acquiring an additional 33,553 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Delek US during the fourth quarter worth $1,093,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
Delek US Stock Up 1.8%
Shares of NYSE:DK opened at $76.22 on Friday. The firm has a market capitalization of $4.67 billion, a P/E ratio of 21.41, a P/E/G ratio of 1.49 and a beta of 0.59. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The stock has a 50 day moving average price of $65.73 and a 200-day moving average price of $51.47. Delek US Holdings, Inc. has a 52-week low of $25.85 and a 52-week high of $78.43.
Delek US Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, August 3rd. Delek US’s dividend payout ratio is 28.65%.
Wall Street Analysts Forecast Growth
DK has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Morgan Stanley lifted their price objective on Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. TD Cowen boosted their target price on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Raymond James Financial upped their target price on Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Finally, The Goldman Sachs Group raised their price target on Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Delek US presently has an average rating of “Moderate Buy” and a consensus target price of $59.09.
Get Our Latest Stock Report on DK
Insider Buying and Selling
In other news, Director Richard J. Marcogliese sold 2,000 shares of Delek US stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $71.05, for a total value of $142,100.00. Following the completion of the transaction, the director owned 12,880 shares of the company’s stock, valued at $915,124. The trade was a 13.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Reuven Spiegel sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total transaction of $549,075.00. Following the completion of the transaction, the executive vice president owned 28,935 shares in the company, valued at approximately $2,118,331.35. This represents a 20.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 160,042 shares of company stock worth $10,705,777 over the last three months. Corporate insiders own 3.56% of the company’s stock.
Delek US Company Profile
Delek US Holdings, Inc (NYSE: DK) is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.
Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.
Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.
See Also
- Five stocks we like better than Delek US
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
- Amgen Drops 10% on a Trial It Didn’t Even Run
Want to see what other hedge funds are holding DK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delek US Holdings, Inc. (NYSE:DK – Free Report).
Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.
