State of Wyoming Takes $501,000 Position in Delek US Holdings, Inc. $DK

State of Wyoming acquired a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,856 shares of the oil and gas company’s stock, valued at approximately $501,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its stake in Delek US by 4.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 23,493 shares of the oil and gas company’s stock valued at $1,194,000 after purchasing an additional 1,005 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Delek US in the 1st quarter worth $290,000. Converium Capital Inc. acquired a new stake in shares of Delek US in the first quarter valued at $9,855,000. Bank of America Corp DE lifted its holdings in shares of Delek US by 118.0% in the first quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after buying an additional 458,004 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Delek US by 24.6% during the first quarter. California State Teachers Retirement System now owns 71,346 shares of the oil and gas company’s stock valued at $3,216,000 after buying an additional 14,068 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Activity

In other news, Director William J. Finnerty sold 5,000 shares of Delek US stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $51.50, for a total value of $257,500.00. Following the transaction, the director directly owned 34,805 shares of the company’s stock, valued at $1,792,457.50. This trade represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky Sutil sold 1,871 shares of Delek US stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $48.00, for a total transaction of $89,808.00. Following the completion of the transaction, the director directly owned 29,368 shares in the company, valued at approximately $1,409,664. This trade represents a 5.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,629 shares of company stock worth $652,685. Corporate insiders own 3.56% of the company’s stock.

Delek US Stock Performance

Shares of NYSE DK opened at $67.14 on Tuesday. 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 market capitalization of $4.11 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.42 and a beta of 0.57. The stock’s fifty day simple moving average is $56.41 and its 200 day simple moving average is $46.46. Delek US Holdings, Inc. has a 52-week low of $21.09 and a 52-week high of $68.93.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the firm earned ($0.56) earnings per share. Delek US’s revenue for the quarter was up 47.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, August 3rd. Delek US’s payout ratio is presently 28.65%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DK shares. TD Cowen lifted their target price on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Raymond James Financial upped their price target on shares of Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, July 13th. JPMorgan Chase & Co. raised their price objective on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Finally, Citigroup reiterated a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.38.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.