Jupiter Topco LLC Makes New $1.40 Million Investment in Delek US Holdings, Inc. $DK

Jupiter Topco LLC purchased a new stake in Delek US Holdings, Inc. (NYSE:DK) during the second quarter, HoldingsChannel reports. The firm purchased 27,564 shares of the oil and gas company’s stock, valued at approximately $1,401,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DK. Vanguard Group Inc. grew its holdings in Delek US by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after buying an additional 38,577 shares in the last quarter. Williamson Legacy Group LLC bought a new stake in shares of Delek US in the fourth quarter valued at about $1,095,000. Bank of America Corp DE boosted its position in shares of Delek US by 118.0% in the first quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after acquiring an additional 458,004 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Delek US by 1,173.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock valued at $28,322,000 after acquiring an additional 879,900 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in Delek US by 281.5% during the first quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock worth $2,049,000 after acquiring an additional 33,553 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Reuven Spiegel sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total transaction of $549,075.00. Following the completion of the transaction, the executive vice president directly owned 28,935 shares in the company, valued at $2,118,331.35. The trade was a 20.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard J. Marcogliese sold 2,000 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $71.05, for a total value of $142,100.00. Following the transaction, the director directly owned 12,880 shares of the company’s stock, valued at $915,124. The trade was a 13.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 153,645 shares of company stock valued at $10,248,392. 3.56% of the stock is currently owned by corporate insiders.

Delek US Stock Down 0.3%

DK stock opened at $72.21 on Friday. The stock’s 50 day moving average is $63.46 and its 200-day moving average is $50.06. Delek US Holdings, Inc. has a twelve month low of $25.85 and a twelve month high of $77.40. The firm has a market capitalization of $4.42 billion, a PE ratio of 20.28, a P/E/G ratio of 1.44 and a beta of 0.59. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53.

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

Delek US Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on DK. Morgan Stanley raised their price objective on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. increased their target price on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. The Goldman Sachs Group raised their target price on Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Raymond James Financial raised their price objective on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Finally, Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.09.

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.