Cibc World Market Inc. Invests $408,000 in Delek US Holdings, Inc. $DK

Cibc World Market Inc. acquired a new stake in Delek US Holdings, Inc. (NYSE:DK) during the 2nd quarter, Holdings Channel reports. The fund acquired 8,039 shares of the oil and gas company’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Leigh Baldwin & CO. LLC bought a new position in Delek US during the 2nd quarter worth about $248,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Delek US during the second quarter worth about $22,987,000. Quantbot Technologies LP acquired a new position in shares of Delek US during the second quarter worth about $992,000. Landscape Capital Management L.L.C. bought a new position in shares of Delek US during the second quarter worth about $365,000. Finally, Allworth Financial LP bought a new position in shares of Delek US during the second quarter worth about $30,000. 97.01% of the stock is owned by institutional investors and hedge funds.

More Delek US News

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: Zacks Research raised its 2026 EPS forecast to $7.94 from $2.22 and its 2027 forecast to $3.26 from $2.21. The firm also increased estimates for Q3 2026 to $1.77, Q4 2026 to $0.61, Q2 2027 to $0.84, Q3 2027 to $0.93 and Q4 2027 to $1.08. These revisions suggest analysts expect stronger near-term refining and downstream profitability. Delek US stock information
• Positive Sentiment: Zacks maintained a “Strong-Buy” rating on Delek US. The company’s latest quarterly results also provide momentum: EPS of $5.48 beat consensus by $2.81, while revenue increased 47.9% year over year to $4.09 billion.
• Positive Sentiment: Analysts also lifted the Q1 2028 EPS estimate to $0.57 from a projected loss of $0.26, and raised the Q4 2027 estimate to $1.08 from $0.86. Delek continues to pay a quarterly dividend of $0.255, or $1.02 annualized, although the approximately 1.4% yield is not the main driver of the recent move.

Wall Street Analysts Forecast Growth

DK has been the subject of several research reports. The Goldman Sachs Group raised their price target on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Citigroup reissued a “neutral” rating on shares of Delek US in a research report on Thursday, August 6th. Morgan Stanley increased their target price on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Mizuho raised their target price on shares of Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.15.

Delek US Price Performance

Shares of DK opened at $72.26 on Friday. The company’s 50-day moving average is $60.72 and its 200-day moving average is $48.72. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The firm has a market capitalization of $4.42 billion, a PE ratio of 20.30, a PEG ratio of 1.39 and a beta of 0.57. Delek US Holdings, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $73.39.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the business earned ($0.56) earnings per share. The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. Equities analysts forecast that Delek US Holdings, Inc. will post 11.05 EPS for the current year.

Delek US Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.4%. Delek US’s dividend payout ratio (DPR) is presently 28.65%.

Insiders Place Their Bets

In related news, Director William J. Finnerty sold 5,000 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $51.50, for a total transaction of $257,500.00. Following the completion of the sale, the director owned 34,805 shares of the company’s stock, valued at $1,792,457.50. This represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Wayne Hobbs sold 20,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $64.59, for a total transaction of $1,291,800.00. Following the sale, the executive vice president owned 104,326 shares in the company, valued at $6,738,416.34. The trade was a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 151,077 shares of company stock valued at $9,929,931 over the last 90 days. 3.56% of the stock is owned by company insiders.

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.