Strs Ohio Purchases New Stake in Delek US Holdings, Inc. $DK

Strs Ohio acquired a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,200 shares of the oil and gas company’s stock, valued at approximately $878,000.

Several other hedge funds have also recently bought and sold shares of the company. Ion Asset Management Ltd. boosted its position in shares of Delek US by 1.8% during the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock worth $79,296,000 after acquiring an additional 67,490 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Delek US by 113.5% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,601,777 shares of the oil and gas company’s stock worth $33,926,000 after purchasing an additional 851,458 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Delek US by 25.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,051,066 shares of the oil and gas company’s stock valued at $22,262,000 after purchasing an additional 211,791 shares in the last quarter. Systematic Financial Management LP boosted its holdings in shares of Delek US by 0.3% in the 2nd quarter. Systematic Financial Management LP now owns 914,458 shares of the oil and gas company’s stock valued at $19,368,000 after purchasing an additional 3,026 shares in the last quarter. Finally, Clifford Capital Partners LLC increased its stake in shares of Delek US by 1.9% in the 2nd quarter. Clifford Capital Partners LLC now owns 807,249 shares of the oil and gas company’s stock valued at $17,098,000 after purchasing an additional 14,872 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Delek US

In other news, EVP Reuven Spiegel sold 27,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $41.36, for a total value of $1,116,720.00. Following the completion of the sale, the executive vice president owned 23,020 shares of the company’s stock, valued at approximately $952,107.20. This represents a 53.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph Israel sold 4,380 shares of Delek US stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $40.94, for a total value of $179,317.20. Following the completion of the transaction, the executive vice president directly owned 55,761 shares in the company, valued at approximately $2,282,855.34. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 59,354 shares of company stock worth $2,446,658. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on DK shares. Mizuho raised their price objective on Delek US from $45.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. UBS Group raised their price target on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Raymond James Financial lifted their price target on shares of Delek US from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Wall Street Zen raised shares of Delek US from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.85.

Delek US Stock Up 1.6%

NYSE:DK opened at $28.67 on Thursday. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $43.50. 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 company has a market cap of $1.72 billion, a PE ratio of -3.51 and a beta of 0.81. The firm’s 50 day simple moving average is $32.19 and its 200 day simple moving average is $31.03.

Delek US (NYSE:DK) last released 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 during the quarter, compared to the consensus estimate of $2.76 billion. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned ($1.45) earnings per share. On average, research analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

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.