17,900 Delek US Holdings, Inc. $DK Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 183,000 shares of the oil and gas company’s stock after selling 17,900 shares during the quarter. Hennessy Advisors Inc. owned 0.30% of Delek US worth $13,061,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of DK. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Delek US in the third quarter valued at about $218,000. ProShare Advisors LLC increased its stake in shares of Delek US by 4.8% during the 3rd quarter. ProShare Advisors LLC now owns 8,380 shares of the oil and gas company’s stock worth $598,000 after purchasing an additional 387 shares in the last quarter. State of Wyoming raised its position in shares of Delek US by 41.0% during the 3rd quarter. State of Wyoming now owns 13,898 shares of the oil and gas company’s stock worth $992,000 after purchasing an additional 4,042 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Delek US by 227.9% during the 3rd quarter. International Assets Investment Management LLC now owns 70,000 shares of the oil and gas company’s stock worth $4,996,000 after purchasing an additional 48,655 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Delek US in the 3rd quarter valued at approximately $585,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Down 0.2%

Shares of NYSE:DK opened at $73.39 on Monday. The stock’s 50-day moving average price is $74.00 and its two-hundred day moving average price is $52.81. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. 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 cap of $4.49 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 0.54 and a beta of 0.61.

Delek US (NYSE:DK) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $2.81. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.44 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 47.9% on a year-over-year basis. During the same period last year, the company earned ($0.56) earnings per share. On average, research analysts forecast that Delek US Holdings, Inc. will post 18.62 EPS for the current year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Tuesday, November 10th will be issued a $0.30 dividend. This is a positive change from Delek US’s previous quarterly dividend of $0.2550. The ex-dividend date is Tuesday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Delek US’s dividend payout ratio (DPR) is 28.65%.

Analyst Ratings Changes

Several equities analysts have weighed in on DK shares. Freedom Broker started coverage on Delek US in a research report on Wednesday, October 7th. They set a “hold” rating and a $86.00 price target for the company. Raymond James Financial upped their price objective on Delek US from $72.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. Weiss Ratings upgraded Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Mizuho downgraded shares of Delek US from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $66.00 to $83.00 in a research note on Thursday, October 8th. Finally, TD Cowen upped their target price on shares of Delek US from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $75.00.

Insider Buying and Selling

In related news, Director Vicky Sutil sold 6,397 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $71.50, for a total transaction of $457,385.50. Following the completion of the sale, the director owned 26,407 shares of the company’s stock, valued at approximately $1,888,100.50. This represents a 19.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Reuven Spiegel sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $68.21, for a total transaction of $682,100.00. Following the completion of the transaction, the executive vice president owned 36,435 shares in the company, valued at $2,485,231.35. The trade was a 21.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 163,377 shares of company stock worth $11,082,485. Corporate insiders own 3.56% of the company’s stock.

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.