Delek US Holdings, Inc. $DK Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its stake in Delek US Holdings, Inc. (NYSE:DK) by 63.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,875 shares of the oil and gas company’s stock after selling 13,470 shares during the quarter. International Assets Investment Management LLC’s holdings in Delek US were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DK. Calamos Advisors LLC acquired a new stake in shares of Delek US during the third quarter valued at about $1,197,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Delek US during the 3rd quarter valued at approximately $978,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Delek US in the third quarter worth $218,000. ProShare Advisors LLC increased its stake in shares of Delek US by 4.8% in the third quarter. ProShare Advisors LLC now owns 8,380 shares of the oil and gas company’s stock worth $598,000 after buying an additional 387 shares during the last quarter. Finally, State of Wyoming boosted its stake in Delek US by 41.0% during the 3rd quarter. State of Wyoming now owns 13,898 shares of the oil and gas company’s stock valued at $992,000 after acquiring an additional 4,042 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

DK opened at $62.70 on Wednesday. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 3.93, a price-to-earnings-growth ratio of 0.47 and a beta of 0.61. Delek US Holdings, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $82.27. The company’s 50-day moving average price is $73.31 and its 200 day moving average price is $54.11. The company has a quick ratio of 0.92, a current ratio of 1.33 and a debt-to-equity ratio of 2.03.

Delek US (NYSE:DK) last issued its earnings results on Friday, November 6th. The oil and gas company reported $13.55 EPS for the quarter, beating analysts’ consensus estimates of $8.05 by $5.50. Delek US had a return on equity of 140.39% and a net margin of 8.70%. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the previous year, the firm posted $7.13 earnings per share. Delek US’s quarterly revenue was up 52.1% compared to the same quarter last year. As a group, sell-side analysts expect that Delek US Holdings, Inc. will post 18.62 earnings per share for the current year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Delek US’s previous quarterly dividend of $0.2550. Delek US’s dividend payout ratio (DPR) is presently 5.41%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DK. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Citigroup increased their price target on shares of Delek US from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings upgraded Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Piper Sandler initiated coverage on Delek US in a report on Tuesday, October 27th. They issued a “neutral” rating and a $90.00 price objective for the company. Finally, Mizuho lowered Delek US from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $66.00 to $83.00 in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Delek US has a consensus rating of “Moderate Buy” and a consensus target price of $77.58.

Insider Transactions at Delek US

In related news, CEO Avigal Soreq sold 80,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $66.51, for a total value of $5,320,800.00. Following the completion of the transaction, the chief executive officer directly owned 231,486 shares of the company’s stock, valued at $15,396,133.86. This represents a 25.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Sullivan, Jr. sold 27,688 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $69.01, for a total value of $1,910,748.88. Following the completion of the transaction, the director directly owned 32,004 shares of the company’s stock, valued at approximately $2,208,596.04. The trade was a 46.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 163,377 shares of company stock worth $11,082,485 in the last quarter. 3.56% of the stock is currently owned by corporate insiders.

Delek US Company 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.