13,700 Shares of Delek US Holdings, Inc. $DK Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,700 shares of the oil and gas company’s stock, valued at approximately $978,000.

Several other institutional investors also recently modified their holdings of the stock. Allworth Financial LP acquired a new stake in shares of Delek US in the 2nd quarter valued at approximately $30,000. Carolina Wealth Advisors LLC acquired a new position in shares of Delek US in the 3rd quarter valued at $38,000. Fortitude Family Office LLC increased its position in shares of Delek US by 223.7% in the 3rd quarter. Fortitude Family Office LLC now owns 547 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 378 shares in the last quarter. IFP Advisors Inc increased its position in shares of Delek US by 842.7% in the 3rd quarter. IFP Advisors Inc now owns 707 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 632 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Delek US by 1,327.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock worth $58,000 after buying an additional 1,818 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Delek US

In other Delek US news, CEO Avigal Soreq sold 80,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the transaction, the chief executive officer owned 231,486 shares in the company, valued at $15,396,133.86. This represents a 25.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Hobbs sold 20,000 shares of Delek US stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.59, for a total transaction of $1,291,800.00. Following the completion of the sale, the executive vice president owned 104,326 shares of the company’s stock, valued at approximately $6,738,416.34. The trade was a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 163,377 shares of company stock valued at $11,082,485 in the last quarter. Company insiders own 3.56% of the company’s stock.

Delek US Trading Up 1.6%

DK stock opened at $64.94 on Tuesday. Delek US Holdings, Inc. has a one year low of $25.85 and a one year high of $82.27. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 3.45, a price-to-earnings-growth ratio of 0.48 and a beta of 0.61. The company has a fifty day moving average price of $73.54 and a two-hundred day moving average price of $53.94. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47.

Delek US (NYSE:DK) last posted its earnings results on Friday, November 6th. The oil and gas company reported $13.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.05 by $5.50. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. Delek US’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same quarter last year, the company posted $7.13 EPS. Equities analysts anticipate that Delek US Holdings, Inc. will post 18.62 EPS for the current year.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Tuesday, November 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. This is a boost from Delek US’s previous quarterly dividend of $0.2550. The ex-dividend date is Tuesday, November 10th. Delek US’s dividend payout ratio is currently 5.41%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DK shares. Citigroup lifted their price objective on Delek US from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Monday. Piper Sandler began coverage on shares of Delek US in a research report on Tuesday, October 27th. They set a “neutral” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Morgan Stanley lifted their price target on Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday, September 14th. Finally, Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Delek US has an average rating of “Moderate Buy” and an average target price of $77.58.

Delek US Profile

Delek US Holdings, Inc is an independent downstream energy company focused on petroleum refining and related logistics in the southern United States. Its refining operations are located in Texas, Arkansas and Louisiana, where it processes crude oil into transportation fuels and other petroleum products.

Products from Delek US refineries include gasoline, diesel, jet fuel, asphalt and petroleum coke. The company also markets refined products to customers and operates midstream assets, including pipelines, terminals and storage facilities, through its subsidiary Delek Logistics Partners.

Founded in 2001, Delek US has grown through acquisitions and investments in refining and energy infrastructure.