363,287 Shares in Delek US Holdings, Inc. $DK Acquired by SIR Capital Management L.P.

SIR Capital Management L.P. purchased a new position in Delek US Holdings, Inc. (NYSE:DK) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 363,287 shares of the oil and gas company’s stock, valued at approximately $18,459,000. Delek US accounts for 2.1% of SIR Capital Management L.P.’s investment portfolio, making the stock its 12th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in DK. Thoroughbred Financial Services LLC raised 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 buying an additional 348 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Delek US by 1.8% during 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 acquiring an additional 400 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its position in shares of Delek US by 23.2% during 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 acquiring an additional 425 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 432 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew 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 valued at $492,000 after acquiring an additional 507 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Raymond James Financial boosted their price target on shares of Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. TD Cowen raised their price objective on Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Mizuho lifted their target price on Delek US from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings raised Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.15.

Insider Buying and Selling

In other Delek US news, Director William J. Finnerty sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $51.50, for a total transaction of $257,500.00. Following the sale, the director directly owned 34,805 shares in the company, valued at $1,792,457.50. This represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Avigal Soreq sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $66.51, for a total value of $5,320,800.00. Following the completion of the sale, the chief executive officer directly owned 231,486 shares of the company’s stock, valued at $15,396,133.86. The trade was a 25.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 123,629 shares of company stock valued at $7,947,385 in the last quarter. 3.56% of the stock is currently owned by insiders.

Delek US Price Performance

DK stock opened at $67.98 on Tuesday. Delek US Holdings, Inc. has a 52 week low of $24.69 and a 52 week high of $72.00. The firm has a market capitalization of $4.16 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.55 and a beta of 0.57. The company has a fifty day simple moving average of $58.48 and a two-hundred day simple moving average of $47.80. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.56) EPS. Analysts anticipate that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a $0.255 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.5%. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

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.