Meitav Investment House Ltd. Takes $2.13 Million Position in Delek US Holdings, Inc. $DK

Meitav Investment House Ltd. purchased a new stake in Delek US Holdings, Inc. (NYSE:DK) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 47,250 shares of the oil and gas company’s stock, valued at approximately $2,130,000.

Several other hedge funds have also recently modified their holdings of the business. Meridian Investment Counsel Inc. bought a new position in Delek US in the first quarter worth approximately $225,000. Abel Hall LLC purchased a new stake in Delek US during the first quarter worth $200,000. Y Intercept Hong Kong Ltd boosted its position in Delek US by 281.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock valued at $2,049,000 after acquiring an additional 33,553 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in Delek US by 19.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 10,519 shares of the oil and gas company’s stock valued at $474,000 after acquiring an additional 1,679 shares in the last quarter. Finally, Clarus Group Inc. purchased a new position in shares of Delek US in the 1st quarter valued at $239,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DK shares. UBS Group boosted their price target on Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Citigroup raised their price objective on Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Raymond James Financial lifted their target price on Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Scotiabank upgraded shares of Delek US to a “hold” rating in a report on Friday, March 27th. Finally, Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.08.

Delek US Stock Down 1.0%

Shares of DK stock opened at $52.46 on Wednesday. Delek US Holdings, Inc. has a fifty-two week low of $19.81 and a fifty-two week high of $54.61. The firm has a market capitalization of $3.22 billion, a PE ratio of -57.65, a P/E/G ratio of 0.32 and a beta of 0.58. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. The stock’s 50-day simple moving average is $46.08 and its 200-day simple moving average is $39.59.

Delek US (NYSE:DK) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.32) earnings per share. Equities analysts expect that Delek US Holdings, Inc. will post 5.58 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a yield of 1.9%. Delek US’s dividend payout ratio (DPR) is currently -112.09%.

Insider Buying and Selling at Delek US

In other news, Director Vicky Sutil sold 1,871 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $48.00, for a total value of $89,808.00. Following the sale, the director directly owned 29,368 shares of the company’s stock, valued at $1,409,664. This represents a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Finnerty sold 5,000 shares of the stock in a transaction 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 completion of the sale, the director owned 34,805 shares in the company, valued at $1,792,457.50. The trade was a 12.56% decrease in their position. 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. In the last 90 days, insiders sold 39,270 shares of company stock worth $1,828,718. Corporate insiders own 3.56% of the company’s stock.

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.