30,369 Shares in Delek US Holdings, Inc. $DK Purchased by Man Group plc

Man Group plc acquired a new position in shares of Delek US Holdings, Inc. (NYSE:DK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,369 shares of the oil and gas company’s stock, valued at approximately $1,543,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DK. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Delek US in the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its position in Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 614 shares in the last quarter. Allworth Financial LP bought a new position in Delek US during the 2nd quarter valued at approximately $30,000. Finally, Focus Partners Wealth purchased a new position in Delek US during the third quarter valued at $44,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In other Delek US news, Director Gary M. Jr. Sullivan sold 27,688 shares of Delek US 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 sale, the director owned 32,004 shares of the company’s stock, valued at approximately $2,208,596.04. The trade was a 46.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Avigal Soreq sold 80,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the sale, the chief executive officer owned 231,486 shares of the company’s stock, valued at approximately $15,396,133.86. This represents a 25.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 146,145 shares of company stock valued at $9,699,317 in the last ninety days. Corporate insiders own 3.56% of the company’s stock.

Delek US Price Performance

Shares of NYSE:DK opened at $71.74 on Thursday. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.46 and a beta of 0.59. The business has a 50-day simple moving average of $62.47 and a two-hundred day simple moving average of $49.64. Delek US Holdings, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $77.40.

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

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a $0.255 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.4%. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Raymond James Financial boosted their target price on Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. TD Cowen lifted their price target on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Morgan Stanley increased their price objective on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. Finally, Citigroup restated a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.09.

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.