Delek US Holdings, Inc. $DK Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 26.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,596,093 shares of the oil and gas company’s stock after acquiring an additional 335,892 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Delek US were worth $71,936,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in Delek US in the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Delek US by 95.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Delek US in the fourth quarter valued at about $40,000. Finally, Focus Partners Wealth acquired a new stake in shares of Delek US in the third quarter valued at about $44,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DK shares. Morgan Stanley upped their target price on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. upped their target price on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Citigroup lifted their price target on Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. 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, July 17th. Finally, Wells Fargo & Company raised their target price on shares of Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. 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 company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.92.

Insider Buying and Selling at Delek US

In related news, EVP Reuven Spiegel sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 48,372 shares in the company, 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 legal 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 Laurie Z. Tolson sold 4,921 shares of Delek US stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $46.30, for a total transaction of $227,842.30. Following the completion of the sale, the director directly owned 18,226 shares of the company’s stock, valued at $843,863.80. The trade was a 21.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 39,270 shares of company stock valued at $1,828,718. 3.56% of the stock is owned by corporate insiders.

Delek US Trading Down 0.1%

Delek US stock opened at $63.16 on Monday. The stock has a 50-day moving average price of $50.31 and a 200 day moving average price of $42.45. Delek US Holdings, Inc. has a 52 week low of $19.81 and a 52 week high of $68.93. The stock has a market cap of $3.87 billion, a PE ratio of -69.41, a P/E/G ratio of 1.67 and a beta of 0.58. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51.

Delek US (NYSE:DK) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm earned ($2.32) EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. Equities research analysts predict that Delek US Holdings, Inc. will post 8.3 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 3rd. Delek US’s payout ratio is currently -112.09%.

Delek US Company 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.