Abel Hall LLC Grows Stock Holdings in Delek US Holdings, Inc. $DK

Abel Hall LLC increased its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 254.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,448 shares of the oil and gas company’s stock after purchasing an additional 34,064 shares during the period. Abel Hall LLC owned 0.08% of Delek US worth $1,005,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. SummerHaven Investment Management LLC lifted its holdings in Delek US by 3.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 35,575 shares of the oil and gas company’s stock worth $753,000 after buying an additional 1,095 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Delek US by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock worth $560,000 after purchasing an additional 1,102 shares during the last quarter. CWM LLC boosted its holdings in Delek US by 100.9% in the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,164 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Delek US by 16.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,306 shares of the oil and gas company’s stock valued at $306,000 after purchasing an additional 2,918 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new position in Delek US in the first quarter valued at approximately $47,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Delek US

In related news, CFO Robert G. Wright sold 7,135 shares of Delek US stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total value of $208,627.40. Following the transaction, the chief financial officer directly owned 48,294 shares in the company, valued at $1,412,116.56. This trade represents a 12.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DK shares. Raymond James Financial boosted their price objective on shares of Delek US from $26.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 9th. Cowen raised shares of Delek US from a “sell” rating to a “hold” rating in a research report on Friday, September 19th. Citigroup restated a “neutral” rating and issued a $30.00 price objective (up previously from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. The Goldman Sachs Group raised their price objective on Delek US from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Finally, Wolfe Research upgraded Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.69.

Delek US Price Performance

Shares of NYSE:DK opened at $31.48 on Wednesday. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $34.50. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -2.56 and a beta of 1.01. The company has a 50-day simple moving average of $27.46 and a 200-day simple moving average of $21.52. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.36. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The business’s revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.92) earnings per share. On average, analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 11th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.2%. Delek US’s payout ratio is presently -8.30%.

Delek US Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.