15,679 Shares of Delek US Holdings, Inc. $DK Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC acquired a new stake in Delek US Holdings, Inc. (NYSE:DK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,679 shares of the oil and gas company’s stock, valued at approximately $1,119,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DK. Crossmark Global Holdings Inc. purchased a new stake in shares of Delek US in the third quarter worth about $229,000. Nisa Investment Advisors LLC grew its stake in shares of Delek US by 61.6% in the third quarter. Nisa Investment Advisors LLC now owns 5,423 shares of the oil and gas company’s stock valued at $387,000 after buying an additional 2,067 shares in the last quarter. Revisor Wealth Management LLC acquired a new stake in shares of Delek US in the third quarter valued at about $209,000. Islay Capital Management LLC acquired a new stake in shares of Delek US in the third quarter valued at about $757,000. Finally, Net Worth Advisory Group raised its holdings in shares of Delek US by 2.1% during the 3rd quarter. Net Worth Advisory Group now owns 13,327 shares of the oil and gas company’s stock valued at $991,000 after buying an additional 277 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Up 3.2%

DK stock opened at $73.39 on Friday. The stock has a market cap of $4.49 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 0.54 and a beta of 0.62. The firm’s 50-day simple moving average is $74.00 and its 200 day simple moving average is $52.81. Delek US Holdings, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $82.27. 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 posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the business posted ($0.56) EPS. Delek US’s revenue was up 47.9% on a year-over-year basis. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post 18.62 EPS for the current year.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Delek US’s previous quarterly dividend of $0.2550. The ex-dividend date of this dividend is Tuesday, November 10th. Delek US’s dividend payout ratio is presently 28.65%.

Insider Activity at Delek US

In other news, Director Vicky Sutil sold 6,397 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $71.50, for a total transaction of $457,385.50. Following the completion of the transaction, the director directly owned 26,407 shares in the company, valued at approximately $1,888,100.50. The trade was a 19.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Reuven Spiegel sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total value of $549,075.00. Following the transaction, the executive vice president owned 28,935 shares of the company’s stock, valued at approximately $2,118,331.35. This represents a 20.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 163,377 shares of company stock valued at $11,082,485. Company insiders own 3.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley boosted their price target on Delek US from $45.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Monday, September 14th. Mizuho downgraded shares of Delek US from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $66.00 to $83.00 in a research report on Thursday, October 8th. Citigroup reiterated a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. Piper Sandler began coverage on shares of Delek US in a research report on Tuesday. They set a “neutral” rating and a $90.00 target price on the stock. Finally, Freedom Broker began coverage on shares of Delek US in a research note on Wednesday, October 7th. They issued a “hold” rating and a $86.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Delek US Profile

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.