Allianz Asset Management GmbH Purchases 423,017 Shares of Delek US Holdings, Inc. $DK

Allianz Asset Management GmbH raised its position in Delek US Holdings, Inc. (NYSE:DK) by 40.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,474,083 shares of the oil and gas company’s stock after purchasing an additional 423,017 shares during the period. Allianz Asset Management GmbH’s holdings in Delek US were worth $47,569,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DK. State of Wyoming bought a new position in Delek US during the third quarter worth $245,000. AlphaQuest LLC raised its position in shares of Delek US by 1,617.9% in the 3rd quarter. AlphaQuest LLC now owns 28,088 shares of the oil and gas company’s stock worth $906,000 after acquiring an additional 26,453 shares in the last quarter. Federated Hermes Inc. acquired a new position in shares of Delek US in the 3rd quarter valued at about $5,416,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Delek US in the 3rd quarter valued at about $240,000. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of Delek US by 49.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 31,899 shares of the oil and gas company’s stock valued at $1,029,000 after purchasing an additional 10,485 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Delek US

In other Delek US news, EVP Joseph Israel sold 20,028 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $41.12, for a total transaction of $823,551.36. Following the transaction, the executive vice president directly owned 62,793 shares in the company, valued at approximately $2,582,048.16. This trade represents a 24.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert G. Wright sold 5,643 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $41.46, for a total transaction of $233,958.78. Following the completion of the sale, the executive vice president owned 41,269 shares of the company’s stock, valued at approximately $1,711,012.74. The trade was a 12.03% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 59,354 shares of company stock worth $2,446,658. Corporate insiders own 1.80% of the company’s stock.

Delek US Price Performance

DK stock opened at $32.75 on Thursday. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.58 and a current ratio of 0.86. The business has a 50-day simple moving average of $31.39 and a two-hundred day simple moving average of $31.20. The company has a market capitalization of $1.97 billion, a P/E ratio of -4.01 and a beta of 0.84. Delek US Holdings, Inc. has a 52-week low of $11.02 and a 52-week high of $43.50.

Delek US (NYSE:DK) last posted its earnings results on Friday, November 7th. The oil and gas company reported $7.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $6.85. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.76 billion. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned ($1.45) earnings per share. Research analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DK has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. UBS Group lifted their price objective on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. TD Cowen increased their target price on shares of Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Morgan Stanley decreased their price target on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 27th. Finally, Wells Fargo & Company upped their price objective on shares of Delek US from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $38.85.

Delek US Company 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.