Y Intercept Hong Kong Ltd Has $2.05 Million Stock Position in Delek US Holdings, Inc. $DK

Y Intercept Hong Kong Ltd grew its position in Delek US Holdings, Inc. (NYSE:DK) by 281.5% in the first quarter, Holdings Channel.com reports. The fund owned 45,471 shares of the oil and gas company’s stock after buying an additional 33,553 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Delek US were worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of DK. Thoroughbred Financial Services LLC increased its position in shares of Delek US by 1.3% during the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after purchasing an additional 348 shares during the period. New York State Common Retirement Fund lifted its position in Delek US by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 400 shares during the period. Aster Capital Management DIFC Ltd lifted its position in Delek US by 23.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 425 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its stake in Delek US by 2.2% during the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after buying an additional 507 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DK. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Mizuho raised their price objective on shares of Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Wells Fargo & Company lifted their target price on shares of Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Raymond James Financial upped their target price on shares of Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Finally, Citigroup increased their price target on shares of Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $46.08.

Insider Buying and Selling at Delek US

In other Delek US news, EVP Reuven Spiegel sold 10,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $44.36, for a total transaction of $443,600.00. Following the sale, the executive vice president directly owned 48,372 shares of the company’s stock, valued at approximately $2,145,781.92. This represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky Sutil sold 1,871 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $48.00, for a total transaction of $89,808.00. Following the sale, the director directly owned 29,368 shares of the company’s stock, valued at approximately $1,409,664. The trade was a 5.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,270 shares of company stock worth $1,828,718 over the last ninety days. Company insiders own 3.56% of the company’s stock.

Delek US Price Performance

Shares of DK stock opened at $55.81 on Thursday. The stock’s fifty day simple moving average is $46.38 and its 200 day simple moving average is $39.77. Delek US Holdings, Inc. has a one year low of $19.81 and a one year high of $56.06. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -61.33, a P/E/G ratio of 0.32 and a beta of 0.58. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $1.50. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.32) earnings per share. On average, analysts expect that Delek US Holdings, Inc. will post 5.58 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were given a dividend of $0.255 per share. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.8%. Delek US’s dividend payout ratio (DPR) is -112.09%.

Delek US 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.