12,024 Shares in Delek US Holdings, Inc. $DK Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue acquired a new stake in Delek US Holdings, Inc. (NYSE:DK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,024 shares of the oil and gas company’s stock, valued at approximately $858,000.

Several other institutional investors have also modified their holdings of the company. Allworth Financial LP purchased a new stake in shares of Delek US during the 2nd quarter worth $30,000. Fortitude Family Office LLC increased its holdings in Delek US by 223.7% in the third quarter. Fortitude Family Office LLC now owns 547 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 378 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Delek US by 1,327.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 1,818 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Delek US by 350.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company’s stock valued at $60,000 after buying an additional 1,585 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Delek US in the second quarter valued at $61,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DK shares. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Morgan Stanley increased their price objective on Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, September 14th. The Goldman Sachs Group increased their price objective on Delek US from $83.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, October 15th. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Finally, Freedom Broker assumed coverage on Delek US in a research note on Wednesday, October 7th. They set 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 issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.83.

Insider Buying and Selling at Delek US

In other 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 value of $549,075.00. Following the completion of the sale, the executive vice president directly owned 28,935 shares of the company’s stock, valued at approximately $2,118,331.35. The trade was a 20.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vicky Sutil sold 6,397 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $71.50, for a total value of $457,385.50. Following the completion of the sale, the director directly owned 26,407 shares of the company’s stock, valued at approximately $1,888,100.50. This trade represents a 19.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 163,377 shares of company stock valued at $11,082,485. 3.56% of the stock is owned by insiders.

Delek US Price Performance

Shares of NYSE:DK opened at $78.07 on Thursday. Delek US Holdings, Inc. has a 12 month low of $25.85 and a 12 month high of $82.27. The firm has a market capitalization of $4.78 billion, a P/E ratio of 21.93, a P/E/G ratio of 0.34 and a beta of 0.62. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The company’s fifty day moving average price is $73.15 and its 200 day moving average price is $58.06.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $2.81. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. Delek US’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.56) earnings per share. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post 17.77 earnings per share for the current fiscal year.

Delek US Company 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.