Alberta Investment Management Corp Invests $7.19 Million in Delek US Holdings, Inc. $DK

Alberta Investment Management Corp acquired a new stake in Delek US Holdings, Inc. (NYSE:DK) in the fourth quarter, Holdings Channel.com reports. The firm acquired 242,300 shares of the oil and gas company’s stock, valued at approximately $7,187,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Delek US in the fourth quarter worth $48,374,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Delek US by 6,300.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after purchasing an additional 1,285,861 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Delek US by 1,173.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock worth $28,322,000 after purchasing an additional 879,900 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Delek US in the third quarter worth approximately $23,308,000. Finally, Squarepoint Ops LLC purchased a new stake in Delek US in the fourth quarter valued at approximately $21,371,000. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Down 1.5%

Shares of NYSE DK opened at $44.04 on Wednesday. The stock has a market capitalization of $2.70 billion, a P/E ratio of -48.40, a PEG ratio of 0.29 and a beta of 0.60. Delek US Holdings, Inc. has a one year low of $19.81 and a one year high of $50.33. The firm’s 50 day simple moving average is $43.99 and its two-hundred day simple moving average is $38.34. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the business posted ($2.32) EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. As a group, analysts expect that Delek US Holdings, Inc. will post 5.26 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, May 1st. Delek US’s dividend payout ratio is presently -112.09%.

Insider Buying and Selling at Delek US

In other news, EVP Reuven Spiegel sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $44.36, for a total transaction of $443,600.00. Following the transaction, the executive vice president directly owned 48,372 shares of the company’s stock, valued at approximately $2,145,781.92. This trade represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shlomo Zohar sold 7,343 shares of Delek US stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $46.00, for a total value of $337,778.00. Following the completion of the transaction, the director owned 6,646 shares in the company, valued at approximately $305,716. This represents a 52.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 41,613 shares of company stock valued at $1,908,996. 3.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. TD Cowen dropped their target price on shares of Delek US from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 18th. Morgan Stanley lifted their price objective on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday. Scotiabank upgraded shares of Delek US to a “hold” rating in a research report on Friday, March 27th. Finally, Zacks Research downgraded Delek US from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Delek US presently has a consensus rating of “Hold” and an average target price of $45.00.

Delek US 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.