Brighton Jones LLC Acquires 15,597 Shares of Delek US Holdings, Inc. $DK

Brighton Jones LLC bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the third quarter, HoldingsChannel reports. The fund bought 15,597 shares of the oil and gas company’s stock, valued at approximately $1,113,000.

Several other large investors have also recently bought and sold shares of DK. WINTON GROUP Ltd boosted its holdings in Delek US by 445.3% in the second quarter. WINTON GROUP Ltd now owns 57,800 shares of the oil and gas company’s stock valued at $2,937,000 after purchasing an additional 47,200 shares in the last quarter. SummerHaven Investment Management LLC purchased a new position in Delek US in the third quarter valued at approximately $2,403,000. Bank of America Corp DE increased its stake in Delek US by 118.0% in the first quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after purchasing an additional 458,004 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Delek US during the second quarter worth approximately $10,664,000. Finally, Calamos Advisors LLC acquired a new stake in Delek US during the third quarter worth approximately $1,197,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DK. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. Weiss Ratings upgraded shares of Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group lifted their price target on shares of Delek US from $83.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Mizuho cut shares of Delek US from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $83.00 in a research report on Thursday, October 8th. Finally, Raymond James Financial restated an “outperform” rating and issued a $95.00 price objective on shares of Delek US in a research note on Friday, November 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Delek US currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

Delek US Trading Up 7.1%

NYSE:DK opened at $67.09 on Thursday. The firm has a market cap of $4.07 billion, a P/E ratio of 3.56, a PEG ratio of 0.44 and a beta of 0.61. The company has a current ratio of 1.33, a quick ratio of 0.92 and a debt-to-equity ratio of 2.03. Delek US Holdings, Inc. has a 12-month low of $25.85 and a 12-month high of $82.27. The stock’s 50 day simple moving average is $73.19 and its 200-day simple moving average is $54.30.

Delek US (NYSE:DK) last released its earnings results on Friday, November 6th. The oil and gas company reported $13.55 EPS for the quarter, topping the consensus estimate of $8.05 by $5.50. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Delek US had a net margin of 8.70% and a return on equity of 140.39%. The business’s revenue was up 52.1% on a year-over-year basis. During the same quarter last year, the business earned $7.13 EPS. Equities analysts anticipate that Delek US Holdings, Inc. will post 19.53 EPS for the current year.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Tuesday, November 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. This is an increase from Delek US’s previous quarterly dividend of $0.2550. The ex-dividend date of this dividend is Tuesday, November 10th. Delek US’s dividend payout ratio is 6.37%.

Insider Transactions at Delek US

In related news, EVP Amber Russell sold 5,392 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $75.50, for a total transaction of $407,096.00. Following the sale, the executive vice president owned 35,670 shares of the company’s stock, valued at approximately $2,693,085. The trade was a 13.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William Finnerty sold 2,943 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $77.17, for a total value of $227,111.31. Following the sale, the director directly owned 30,405 shares in the company, valued at $2,346,353.85. This trade represents a 8.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 163,377 shares of company stock valued at $11,082,485. 3.56% of the stock is owned by company insiders.

Delek US Company Profile

Delek US Holdings, Inc. is an independent downstream energy company focused on petroleum refining and related logistics in the southern United States. Its refining operations are located in Texas, Arkansas and Louisiana, where it processes crude oil into transportation fuels and other petroleum products. Products from Delek US refineries include gasoline, diesel, jet fuel, asphalt and petroleum coke. The company also markets refined products to customers and operates midstream assets, including pipelines, terminals and storage facilities, through its subsidiary Delek Logistics Partners.