Fifth Third Bancorp Has $3.76 Million Position in Delek US Holdings, Inc. $DK

Fifth Third Bancorp lifted its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 1,131.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,459 shares of the oil and gas company’s stock after acquiring an additional 76,684 shares during the period. Fifth Third Bancorp’s holdings in Delek US were worth $3,762,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DK. ION Fund Management Ltd bought a new position in Delek US in the fourth quarter valued at approximately $52,427,000. Norges Bank acquired a new stake in shares of Delek US in the 4th quarter valued at $48,374,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Delek US by 6,300.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after purchasing an additional 1,285,861 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Delek US by 1,516.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock valued at $29,544,000 after purchasing an additional 934,448 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Delek US by 1,173.2% in 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 purchasing an additional 879,900 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Delek US

In other news, Director Laurie Z. Tolson sold 4,921 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $46.30, for a total value of $227,842.30. Following the transaction, the director owned 18,226 shares in the company, valued at approximately $843,863.80. The trade was a 21.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Reuven Spiegel sold 10,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $44.36, for a total transaction of $443,600.00. Following the completion of the sale, the executive vice president directly owned 48,372 shares in the company, valued at approximately $2,145,781.92. This represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 39,270 shares of company stock worth $1,828,718. Company insiders own 3.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DK shares. Mizuho lifted their target price on Delek US from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Wells Fargo & Company raised their price target on shares of Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group increased their price objective on shares of Delek US from $58.00 to $73.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings cut shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, UBS Group increased their price target on Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $50.54.

Delek US Trading Down 0.2%

Shares of NYSE DK opened at $63.11 on Monday. The firm has a 50 day moving average price of $48.30 and a two-hundred day moving average price of $41.21. The stock has a market cap of $3.87 billion, a P/E ratio of -69.35, a price-to-earnings-growth ratio of 0.34 and a beta of 0.58. Delek US Holdings, Inc. has a 52-week low of $19.81 and a 52-week high of $64.09. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS 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 company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the business earned ($2.32) earnings per share. Delek US’s revenue was up .4% compared to the same quarter last year. As a group, equities analysts forecast that Delek US Holdings, Inc. will post 6.34 EPS for the current year.

About Delek US

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.