10,612 Shares of Delek US Holdings, Inc. $DK Purchased by Islay Capital Management LLC

Islay Capital Management LLC acquired a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,612 shares of the oil and gas company’s stock, valued at approximately $757,000.

A number of other large investors have also made changes to their positions in the company. Net Worth Advisory Group increased its holdings in shares of Delek US by 2.1% in the third quarter. Net Worth Advisory Group now owns 13,327 shares of the oil and gas company’s stock worth $991,000 after acquiring an additional 277 shares in the last quarter. IFP Advisors Inc boosted 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 worth $50,000 after purchasing an additional 632 shares during the period. SummerHaven Investment Management LLC bought a new position in Delek US during the 3rd quarter worth about $2,403,000. State of Alaska Department of Revenue acquired a new position in shares of Delek US during the third quarter worth about $858,000. Finally, Fortitude Family Office LLC lifted its stake in 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 acquiring an additional 378 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Activity at Delek US

In related news, Director Gary Sullivan, Jr. sold 27,688 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $69.01, for a total value of $1,910,748.88. Following the completion of the transaction, the director owned 32,004 shares in the company, valued at $2,208,596.04. This trade represents a 46.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Reuven Spiegel sold 7,500 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $73.21, for a total transaction of $549,075.00. Following the transaction, the executive vice president directly owned 28,935 shares of the company’s stock, valued at $2,118,331.35. The trade was a 20.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 163,377 shares of company stock valued at $11,082,485. Corporate insiders own 3.56% of the company’s stock.

Delek US Price Performance

DK traded up $1.06 during trading on Tuesday, hitting $76.14. 408,893 shares of the stock traded hands, compared to its average volume of 1,572,579. The business has a 50 day moving average price of $72.66 and a 200 day moving average price of $57.59. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 0.38 and a beta of 0.62. Delek US Holdings, Inc. has a twelve month low of $25.85 and a twelve month high of $82.27. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the firm earned ($0.56) EPS. Delek US’s revenue was up 47.9% on a year-over-year basis. Equities research analysts forecast that Delek US Holdings, Inc. will post 15.95 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a $0.2550 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.3%. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen increased their target price on shares of Delek US from $76.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 14th. The Goldman Sachs Group increased their price objective on Delek US from $83.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, October 15th. Mizuho reaffirmed a “neutral” rating and issued a $83.00 target price (up from $66.00) on shares of Delek US in a report on Thursday, October 8th. Freedom Broker began coverage on Delek US in a research note on Wednesday, October 7th. They issued a “hold” rating and a $86.00 price objective on the stock. Finally, Weiss Ratings raised shares of Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Delek US currently has an average rating of “Moderate Buy” and a consensus price target of $70.83.

Delek US Company Profile

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.