Cornerstone Capital Management Holdings LLC. reduced its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 41.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 107,380 shares of the oil and gas company’s stock after selling 76,686 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.13% of Delek US worth $2,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Delek US during the 3rd quarter worth $114,000. Hanseatic Management Services Inc. lifted its holdings in shares of Delek US by 18,606.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 5,954 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Delek US by 51.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock worth $188,000 after acquiring an additional 2,412 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Delek US during the 2nd quarter worth $207,000. Finally, ETRADE Capital Management LLC purchased a new position in Delek US in the 3rd quarter worth $215,000. 93.19% of the stock is owned by institutional investors.

In other Delek US news, COO Frederec Green sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $320,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Assi Ginzburg sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $560,000.00. The disclosure for this sale can be found here. Insiders sold 195,631 shares of company stock worth $6,333,903 in the last 90 days. Corporate insiders own 1.61% of the company’s stock.

A number of brokerages recently commented on DK. Zacks Investment Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Thursday, December 14th. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 target price on shares of Delek US in a research report on Wednesday, October 18th. Cowen reiterated a “buy” rating and issued a $30.00 target price on shares of Delek US in a research report on Tuesday, October 17th. Bank of America cut shares of Delek US from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research report on Friday, December 8th. Finally, BidaskClub upgraded shares of Delek US from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.67.

Delek US Holdings, Inc. (NYSE:DK) opened at $32.27 on Tuesday. Delek US Holdings, Inc. has a 52-week low of $20.65 and a 52-week high of $33.74. The stock has a market cap of $2,650.45, a PE ratio of 250.31, a price-to-earnings-growth ratio of 3.79 and a beta of 2.02. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.49 and a quick ratio of 1.06.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, November 21st. Delek US’s payout ratio is 37.97%.

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About Delek US

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

Institutional Ownership by Quarter for Delek US (NYSE:DK)

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