Mitsubishi UFJ Trust & Banking Corp Invests $1.34 Million in Delek US Holdings, Inc. $DK

Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 41,475 shares of the oil and gas company’s stock, valued at approximately $1,338,000. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of Delek US as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DK. Quantbot Technologies LP purchased a new position in Delek US in the 2nd quarter valued at $1,089,000. KLP Kapitalforvaltning AS raised its position in Delek US by 64.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 25,050 shares of the oil and gas company’s stock worth $531,000 after buying an additional 9,800 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Delek US in the 2nd quarter worth $454,000. Squarepoint Ops LLC purchased a new stake in shares of Delek US in the second quarter valued at about $1,066,000. Finally, TD Asset Management Inc boosted its holdings in shares of Delek US by 172.3% in the second quarter. TD Asset Management Inc now owns 41,514 shares of the oil and gas company’s stock valued at $879,000 after acquiring an additional 26,268 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised their target price on Delek US from $28.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a research note on Wednesday, January 21st. Piper Sandler dropped their price objective on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. UBS Group lifted their target price on shares of Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Finally, Wells Fargo & Company lifted their price target on Delek US from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Delek US has an average rating of “Hold” and a consensus price target of $38.85.

Delek US Stock Up 1.9%

Shares of Delek US stock opened at $29.50 on Friday. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $43.50. The company has a market capitalization of $1.77 billion, a PE ratio of -3.62 and a beta of 0.81. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.58. The business has a 50-day moving average of $31.85 and a 200-day moving average of $31.08.

Delek US (NYSE:DK) last posted its quarterly earnings results on Friday, November 7th. The oil and gas company reported $7.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $6.85. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted ($1.45) earnings per share. As a group, equities analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Reuven Spiegel sold 27,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $41.36, for a total value of $1,116,720.00. Following the completion of the transaction, the executive vice president owned 23,020 shares in the company, valued at $952,107.20. This represents a 53.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Joseph Israel sold 4,380 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $40.94, for a total transaction of $179,317.20. Following the completion of the transaction, the executive vice president owned 55,761 shares of the company’s stock, valued at $2,282,855.34. This trade represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 59,354 shares of company stock valued at $2,446,658. Company insiders own 1.80% of the company’s stock.

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.