Delek US Holdings, Inc. $DK Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in Delek US Holdings, Inc. (NYSE:DK) by 85.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 102,365 shares of the oil and gas company’s stock after purchasing an additional 47,159 shares during the period. Sei Investments Co.’s holdings in Delek US were worth $4,614,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. ION Fund Management Ltd bought a new position in shares of Delek US during the fourth quarter worth about $52,427,000. Norges Bank bought a new stake in Delek US in the fourth quarter valued at about $48,374,000. Arrowstreet Capital Limited Partnership raised its stake in Delek US by 6,300.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after buying an additional 1,285,861 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Delek US by 1,516.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock valued at $29,544,000 after buying an additional 934,448 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Delek US by 1,173.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock worth $28,322,000 after buying an additional 879,900 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Raymond James Financial boosted their price target on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, July 13th. The Goldman Sachs Group raised their price objective on Delek US from $58.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Morgan Stanley lifted their price objective on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen downgraded Delek US from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.92.

Insider Activity at Delek US

In other Delek US news, EVP Reuven Spiegel sold 10,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $44.36, for a total transaction of $443,600.00. Following the completion of the transaction, the executive vice president owned 48,372 shares in the company, valued at approximately $2,145,781.92. The trade was a 17.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Robert G. Wright sold 10,720 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total value of $504,590.40. Following the transaction, the executive vice president directly owned 48,148 shares in the company, valued at $2,266,326.36. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,270 shares of company stock worth $1,828,718 in the last ninety days. 3.56% of the stock is currently owned by corporate insiders.

Delek US Trading Down 9.8%

Delek US stock opened at $59.70 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. The firm has a 50-day moving average price of $53.67 and a two-hundred day moving average price of $44.44. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -65.60, a PEG ratio of 1.74 and a beta of 0.57. Delek US Holdings, Inc. has a 52-week low of $19.81 and a 52-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. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the prior year, the firm earned ($0.56) EPS. Delek US’s quarterly revenue was up 47.9% on a year-over-year basis. Sell-side analysts expect that Delek US Holdings, Inc. will post 8.32 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.7%. Delek US’s payout ratio is presently -112.09%.

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.