Delek US Holdings Inc (DK) Position Lifted by Empowered Funds LLC
Empowered Funds LLC increased its position in Delek US Holdings Inc (NYSE:DK) by 6.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 30,914 shares of the oil and gas company’s stock after buying an additional 1,820 shares during the period. Empowered Funds LLC’s holdings in Delek US were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in DK. Point72 Hong Kong Ltd acquired a new stake in Delek US in the 2nd quarter worth $105,000. Envestnet Asset Management Inc. grew its position in Delek US by 1,712.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,338 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 2,209 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in Delek US in the 2nd quarter worth $162,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Delek US in the 2nd quarter worth $183,000. Finally, Hartford Investment Management Co. acquired a new stake in Delek US in the 2nd quarter worth $214,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.
Several analysts have issued reports on DK shares. TheStreet lowered shares of Delek US from a “b-” rating to a “c+” rating in a research report on Thursday, July 5th. Morgan Stanley raised their price target on shares of Delek US from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Monday, July 16th. ValuEngine upgraded shares of Delek US from a “hold” rating to a “buy” rating in a research report on Monday, July 30th. Mizuho started coverage on shares of Delek US in a research report on Thursday, August 2nd. They set a “buy” rating and a $60.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Delek US from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $51.53.
Shares of Delek US stock opened at $37.67 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05. Delek US Holdings Inc has a twelve month low of $25.17 and a twelve month high of $61.57. The stock has a market cap of $3.23 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.41.
Delek US (NYSE:DK) last issued its earnings results on Tuesday, August 7th. The oil and gas company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.11). Delek US had a net margin of 3.69% and a return on equity of 12.23%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.51 billion. Research analysts forecast that Delek US Holdings Inc will post 4.69 earnings per share for the current year.
Delek US Company Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
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