Delek US Holdings, Inc. $DK Shares Purchased by Virtus Advisers LLC

Virtus Advisers LLC raised its position in Delek US Holdings, Inc. (NYSE:DK) by 191.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,449 shares of the oil and gas company’s stock after acquiring an additional 8,827 shares during the quarter. Virtus Advisers LLC’s holdings in Delek US were worth $960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP acquired a new position in shares of Delek US during the 2nd quarter worth about $30,000. Parallel Advisors LLC raised its holdings in shares of Delek US by 168.3% in the 3rd quarter. Parallel Advisors LLC now owns 440 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 276 shares during the period. Carolina Wealth Advisors LLC bought a new stake in shares of Delek US in the 3rd quarter valued at about $38,000. Fortitude Family Office LLC raised its holdings 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 purchasing an additional 378 shares during the period. Finally, IFP Advisors Inc lifted its stake in 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 purchasing an additional 632 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Delek US

In other news, EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.21, for a total transaction of $682,100.00. Following the completion of the sale, the executive vice president owned 36,435 shares of the company’s stock, valued at approximately $2,485,231.35. This trade represents a 21.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky Sutil sold 6,397 shares of Delek US stock in a transaction on Friday, September 4th. The stock was sold at an average price of $71.50, for a total value of $457,385.50. Following the sale, the director directly owned 26,407 shares of the company’s stock, valued at $1,888,100.50. This represents a 19.50% 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. Over the last quarter, insiders sold 163,377 shares of company stock worth $11,082,485. 3.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DK shares. Weiss Ratings upgraded shares of Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Raymond James Financial reissued an “outperform” rating and set a $95.00 price target on shares of Delek US in a research report on Friday, November 6th. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Freedom Broker upgraded Delek US from a “hold” rating to a “buy” rating and upped their price objective for the company from $86.00 to $88.00 in a research note on Wednesday. Finally, Mizuho cut their price objective on Delek US from $83.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Delek US Stock Performance

Shares of NYSE:DK traded up $0.16 during trading on Friday, reaching $68.57. 823,148 shares of the stock were exchanged, compared to its average volume of 1,585,088. Delek US Holdings, Inc. has a 12 month low of $25.85 and a 12 month high of $82.27. The stock has a 50-day moving average price of $73.06 and a 200-day moving average price of $54.71. The company has a current ratio of 1.33, a quick ratio of 0.92 and a debt-to-equity ratio of 2.03. The firm has a market cap of $4.16 billion, a PE ratio of 3.64, a PEG ratio of 0.46 and a beta of 0.61.

Delek US (NYSE:DK) last announced its earnings results on Friday, November 6th. The oil and gas company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $8.05 by $5.50. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $3.88 billion. Delek US had a return on equity of 140.39% and a net margin of 8.70%. The firm’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same quarter last year, the company earned $7.13 earnings per share. Research analysts expect that Delek US Holdings, Inc. will post 20.15 EPS for the current fiscal year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Tuesday, November 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Delek US’s previous quarterly dividend of $0.2550. Delek US’s payout ratio is currently 6.37%.

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.