Lone Peak Global Investors LLC Has $12.53 Million Position in Delek US Holdings, Inc. $DK

Lone Peak Global Investors LLC increased its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 246,497 shares of the oil and gas company’s stock after acquiring an additional 13,861 shares during the period. Lone Peak Global Investors LLC’s holdings in Delek US were worth $12,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Delek US by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after purchasing an additional 38,577 shares during the last quarter. Williamson Legacy Group LLC bought a new position in shares of Delek US in the 4th quarter valued at $1,095,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Delek US by 1,173.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock worth $28,322,000 after buying an additional 879,900 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Delek US by 281.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock worth $2,049,000 after buying an additional 33,553 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Delek US by 118.0% during the 1st quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock worth $38,138,000 after buying an additional 458,004 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Delek US

In related news, Director William J. Finnerty sold 5,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $51.50, for a total value of $257,500.00. Following the transaction, the director owned 34,805 shares in the company, valued at $1,792,457.50. The trade was a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Avigal Soreq sold 80,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 231,486 shares in the company, valued at $15,396,133.86. This trade represents a 25.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 146,145 shares of company stock valued at $9,699,317 over the last three months. 3.56% of the stock is currently owned by corporate insiders.

Delek US Stock Down 1.8%

Shares of DK opened at $73.03 on Wednesday. The company has a market capitalization of $4.47 billion, a PE ratio of 20.51, a PEG ratio of 1.48 and a beta of 0.59. The stock’s 50-day moving average price is $61.93 and its two-hundred day moving average price is $49.37. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. Delek US Holdings, Inc. has a 12 month low of $25.85 and a 12 month high of $77.40.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the firm earned ($0.56) earnings per share. The firm’s quarterly revenue was up 47.9% on a year-over-year basis. On average, analysts anticipate that Delek US Holdings, Inc. will post 11.05 EPS for the current year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a dividend of $0.255 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.02 annualized dividend and a dividend yield of 1.4%. Delek US’s dividend payout ratio is 28.65%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup reiterated a “neutral” rating on shares of Delek US in a research report on Thursday, August 6th. Raymond James Financial raised their price target on shares of Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. The Goldman Sachs Group boosted their target price on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Morgan Stanley raised their price objective on Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Finally, Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $54.92.

About Delek US

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.