Deprince Race & Zollo Inc. boosted its stake in Delek US Holdings, Inc. (NYSE:DK) by 34.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,856,792 shares of the oil and gas company’s stock after acquiring an additional 470,895 shares during the period. Delek US Holdings comprises approximately 1.1% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 9th largest position. Deprince Race & Zollo Inc. owned approximately 2.28% of Delek US Holdings worth $49,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Canada Pension Plan Investment Board raised its holdings in shares of Delek US Holdings by 51.5% in the second quarter. Canada Pension Plan Investment Board now owns 242,900 shares of the oil and gas company’s stock valued at $6,422,000 after buying an additional 82,600 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Delek US Holdings by 65.5% in the second quarter. BNP Paribas Arbitrage SA now owns 15,068 shares of the oil and gas company’s stock valued at $398,000 after buying an additional 5,966 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Delek US Holdings by 15.6% in the first quarter. Tudor Investment Corp ET AL now owns 12,342 shares of the oil and gas company’s stock valued at $300,000 after buying an additional 1,666 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Delek US Holdings in the second quarter valued at about $2,572,000. Finally, Strs Ohio purchased a new stake in shares of Delek US Holdings in the third quarter valued at about $1,200,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Anthony L. Miller sold 1,509 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $26.28, for a total transaction of $39,656.52. Following the transaction, the insider now owns 11,370 shares of the company’s stock, valued at $298,803.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Frederec Green sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. The disclosure for this sale can be found here. Insiders sold 37,527 shares of company stock worth $1,034,580 over the last quarter. Company insiders own 1.61% of the company’s stock.

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Delek US Holdings, Inc. (NYSE DK) traded up $0.72 during mid-day trading on Wednesday, hitting $27.95. 1,257,300 shares of the stock traded hands, compared to its average volume of 1,011,953. The firm has a market capitalization of $2,217.94, a price-to-earnings ratio of 209.46, a PEG ratio of 4.25 and a beta of 1.92. Delek US Holdings, Inc. has a twelve month low of $17.58 and a twelve month high of $29.16. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.63.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be given a $0.15 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 2.15%. Delek US Holdings’s dividend payout ratio is presently 37.97%.

A number of equities research analysts have recently commented on DK shares. Raymond James Financial, Inc. raised shares of Delek US Holdings from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $32.00 to $35.00 in a report on Monday. Scotiabank reiterated a “hold” rating and set a $26.00 price target on shares of Delek US Holdings in a research note on Friday, September 8th. Zacks Investment Research lowered shares of Delek US Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Macquarie upgraded shares of Delek US Holdings from a “neutral” rating to an “outperform” rating in a research note on Monday, October 23rd. Finally, Cowen and Company reiterated a “buy” rating and set a $30.00 price target on shares of Delek US Holdings in a research note on Thursday, August 17th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Delek US Holdings has an average rating of “Hold” and an average target price of $30.83.

About Delek US Holdings

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

Institutional Ownership by Quarter for Delek US Holdings (NYSE:DK)

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