Federated Hermes Inc. Buys Shares of 167,831 Delek US Holdings, Inc. $DK

Federated Hermes Inc. purchased a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 167,831 shares of the oil and gas company’s stock, valued at approximately $5,416,000. Federated Hermes Inc. owned approximately 0.28% of Delek US as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC bought a new position in shares of Delek US in the 3rd quarter valued at approximately $240,000. Y Intercept Hong Kong Ltd grew its holdings in Delek US by 49.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 31,899 shares of the oil and gas company’s stock valued at $1,029,000 after purchasing an additional 10,485 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Delek US in the third quarter valued at approximately $1,338,000. Strs Ohio bought a new position in shares of Delek US in the third quarter valued at approximately $878,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Delek US in the third quarter worth $232,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DK shares. UBS Group lifted their target price on shares of Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Wells Fargo & Company raised their price target on Delek US from $43.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. TD Cowen lifted their price objective on Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Raymond James Financial boosted their price objective on Delek US from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Scotiabank set a $34.00 target price on Delek US in a report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.85.

Delek US Stock Down 2.0%

NYSE DK opened at $28.92 on Tuesday. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $43.50. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -3.54 and a beta of 0.84. The stock’s 50 day moving average is $31.66 and its two-hundred day moving average is $31.14. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 7.12.

Delek US (NYSE:DK) last announced its quarterly earnings results on Friday, November 7th. The oil and gas company reported $7.13 EPS for the quarter, beating the consensus estimate of $0.28 by $6.85. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the firm earned ($1.45) EPS. Delek US’s quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Joseph Israel sold 4,380 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $40.94, for a total value of $179,317.20. Following the sale, the executive vice president owned 55,761 shares in the company, valued at approximately $2,282,855.34. The trade was a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert G. Wright sold 2,303 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $40.43, for a total transaction of $93,110.29. Following the sale, the executive vice president owned 38,966 shares of the company’s stock, valued at $1,575,395.38. This trade represents a 5.58% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 59,354 shares of company stock worth $2,446,658. Corporate insiders own 1.90% of the company’s stock.

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.