Wellington Management Group LLP Takes $10.66 Million Position in Delek US Holdings, Inc. $DK

Wellington Management Group LLP bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 209,874 shares of the oil and gas company’s stock, valued at approximately $10,664,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DK. Archer Investment Corp bought a new stake in Delek US during the second quarter valued at $334,000. Empowered Funds LLC bought a new position in shares of Delek US in the 2nd quarter worth about $523,000. Public Employees Retirement System of Ohio bought a new position in shares of Delek US in the 2nd quarter worth about $127,000. Capstone Investment Advisors LLC acquired a new position in shares of Delek US in the 2nd quarter valued at about $365,000. Finally, Palo Duro Investment Partners LP acquired a new position in shares of Delek US in the 2nd quarter valued at about $249,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Delek US

In other news, EVP Reuven Spiegel sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $73.21, for a total value of $549,075.00. Following the completion of the sale, the executive vice president owned 28,935 shares in the company, valued at $2,118,331.35. This represents a 20.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard J. Marcogliese sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $71.05, for a total transaction of $142,100.00. Following the transaction, the director directly owned 12,880 shares in the company, valued at $915,124. The trade was a 13.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 153,645 shares of company stock valued at $10,248,392 in the last three months. Insiders own 3.56% of the company’s stock.

Delek US Stock Up 0.5%

Shares of NYSE DK opened at $72.21 on Tuesday. The stock has a market capitalization of $4.42 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.43 and a beta of 0.59. The company has a 50-day moving average price of $63.87 and a 200-day moving average price of $50.44. Delek US Holdings, Inc. has a 1 year low of $25.85 and a 1 year high of $77.40. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, topping 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 company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the business posted ($0.56) EPS. The firm’s revenue was up 47.9% compared to the same quarter last year. On average, equities research analysts forecast that Delek US Holdings, Inc. will post 11.05 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a dividend of $0.255 per share. 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 is 28.65%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Raymond James Financial raised their target price on Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Morgan Stanley boosted their price target on Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. TD Cowen increased their price target on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Delek US from $59.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. One 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 company’s stock. According to data from MarketBeat.com, the company 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.