Healthcare of Ontario Pension Plan Trust Fund Has $28.32 Million Stock Position in Delek US Holdings, Inc. $DK

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 1,173.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 954,900 shares of the oil and gas company’s stock after buying an additional 879,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Delek US were worth $28,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DK. Norges Bank bought a new stake in shares of Delek US during the 4th quarter worth $48,374,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Delek US by 6,300.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after buying an additional 1,285,861 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Delek US during the 3rd quarter worth $23,308,000. BNP Paribas Financial Markets lifted its position in shares of Delek US by 345.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 613,085 shares of the oil and gas company’s stock worth $19,784,000 after buying an additional 475,481 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Delek US by 29.4% during the 3rd quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock worth $60,460,000 after buying an additional 425,896 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Activity at Delek US

In other news, EVP Robert G. Wright sold 10,720 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $47.07, for a total transaction of $504,590.40. Following the completion of the transaction, the executive vice president directly owned 48,148 shares in the company, valued at $2,266,326.36. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laurie Z. Tolson sold 4,921 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $46.30, for a total value of $227,842.30. Following the transaction, the director owned 18,226 shares of the company’s stock, valued at $843,863.80. This trade represents a 21.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 46,613 shares of company stock valued at $2,136,496 over the last ninety days. Insiders own 3.56% of the company’s stock.

Wall Street Analyst Weigh In

DK has been the subject of several recent analyst reports. Mizuho upped their price objective on Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Morgan Stanley upped their price objective on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday. Citigroup upped their price objective on Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. TD Cowen dropped their price objective on Delek US from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Delek US Price Performance

Shares of DK opened at $44.72 on Tuesday. Delek US Holdings, Inc. has a 1 year low of $19.81 and a 1 year high of $50.33. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -49.14, a price-to-earnings-growth ratio of 0.32 and a beta of 0.60. The business has a 50-day moving average of $44.01 and a 200-day moving average of $38.31.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the company earned ($2.32) earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Delek US Holdings, Inc. will post 5.01 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, May 1st. Delek US’s dividend payout ratio (DPR) is -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.