State of Wyoming Makes New $501,000 Investment in Delek US Holdings, Inc. $DK

State of Wyoming bought a new stake in Delek US Holdings, Inc. (NYSE:DK) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 9,856 shares of the oil and gas company’s stock, valued at approximately $501,000.

Other large investors have also modified their holdings of the company. Royal Bank of Canada raised its stake in Delek US by 18.4% during the first quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock valued at $4,201,000 after buying an additional 43,379 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Delek US in the 1st quarter valued at approximately $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Delek US by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after acquiring an additional 1,102 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Delek US by 3,979.8% during the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock worth $307,000 after purchasing an additional 19,899 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Delek US by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after purchasing an additional 9,827 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

DK has been the topic of a number of research reports. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings raised shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. The Goldman Sachs Group boosted their price objective on shares of Delek US from $58.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Citigroup reiterated a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.38.

Delek US Trading Up 2.6%

Shares of NYSE:DK opened at $67.14 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The company’s 50-day moving average price is $56.41 and its 200 day moving average price is $46.46. The company has a market cap of $4.11 billion, a PE ratio of 18.86, a P/E/G ratio of 1.42 and a beta of 0.57. Delek US Holdings, Inc. has a fifty-two week low of $21.09 and a fifty-two week high of $68.93.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping the consensus estimate of $2.67 by $2.81. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. Delek US’s quarterly revenue was up 47.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.56) EPS. Sell-side analysts anticipate that Delek US Holdings, Inc. will post 10.1 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.5%. Delek US’s payout ratio is presently 28.65%.

Insider Buying and Selling at Delek US

In other news, 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 value of $257,500.00. Following the completion of the transaction, the director owned 34,805 shares of the company’s stock, valued at approximately $1,792,457.50. This represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky Sutil sold 1,871 shares of the firm’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 transaction, the director directly owned 29,368 shares in the company, valued at $1,409,664. This trade represents a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,629 shares of company stock worth $652,685 in the last ninety days. 3.56% of the stock is owned by company insiders.

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.