Delek US Holdings, Inc. $DK Stock Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its holdings in Delek US Holdings, Inc. (NYSE:DK) by 344,662.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,162 shares of the oil and gas company’s stock after purchasing an additional 55,146 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Delek US were worth $3,791,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in Delek US in the third quarter valued at $1,113,000. Parallel Advisors LLC raised its holdings in shares of Delek US by 168.3% in the third quarter. Parallel Advisors LLC now owns 440 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 276 shares during the last quarter. Calamos Advisors LLC purchased a new stake in shares of Delek US in the third quarter valued at about $1,197,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Delek US during the third quarter worth about $978,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Delek US during the third quarter worth about $218,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Amber Russell sold 5,392 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $75.50, for a total transaction of $407,096.00. Following the sale, the executive vice president directly owned 35,670 shares in the company, valued at approximately $2,693,085. This trade represents a 13.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William Finnerty sold 2,943 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $77.17, for a total value of $227,111.31. Following the sale, the director owned 30,405 shares in the company, valued at approximately $2,346,353.85. The trade was a 8.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 163,377 shares of company stock valued at $11,082,485. Company insiders own 3.56% of the company’s stock.

Delek US Trading Up 1.6%

NYSE:DK opened at $64.94 on Tuesday. Delek US Holdings, Inc. has a 52-week low of $25.85 and a 52-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. The stock has a fifty day simple moving average of $73.54 and a 200-day simple moving average of $53.94. The company has a market capitalization of $3.98 billion, a PE ratio of 3.45, a price-to-earnings-growth ratio of 0.48 and a beta of 0.61.

Delek US (NYSE:DK) last issued its quarterly earnings results on Friday, November 6th. The oil and gas company reported $13.55 EPS for the quarter, topping analysts’ consensus estimates of $8.05 by $5.50. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $3.88 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.13 earnings per share. On average, equities research analysts expect that Delek US Holdings, Inc. will post 18.62 earnings per share for the current fiscal year.

Delek US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Tuesday, November 10th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $1.20 annualized dividend and a yield of 1.8%. This is an increase from Delek US’s previous quarterly dividend of $0.2550. Delek US’s payout ratio is currently 5.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Raymond James Financial restated an “outperform” rating and set a $95.00 price target on shares of Delek US in a research note on Friday. Freedom Broker started coverage on shares of Delek US in a research report on Wednesday, October 7th. They set a “hold” rating and a $86.00 price objective for the company. Citigroup lifted their target price on shares of Delek US from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Monday. Finally, TD Cowen boosted their price target on shares of Delek US from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. One research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.58.

About Delek US

Delek US Holdings, Inc is an independent downstream energy company focused on petroleum refining and related logistics in the southern United States. Its refining operations are located in Texas, Arkansas and Louisiana, where it processes crude oil into transportation fuels and other petroleum products.

Products from Delek US refineries include gasoline, diesel, jet fuel, asphalt and petroleum coke. The company also markets refined products to customers and operates midstream assets, including pipelines, terminals and storage facilities, through its subsidiary Delek Logistics Partners.

Founded in 2001, Delek US has grown through acquisitions and investments in refining and energy infrastructure.