Empowered Funds LLC Boosts Holdings in Delek US Holdings, Inc. $DK

Empowered Funds LLC raised its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 1.7% during the second quarter, HoldingsChannel reports. The fund owned 347,780 shares of the oil and gas company’s stock after acquiring an additional 5,867 shares during the quarter. Empowered Funds LLC’s holdings in Delek US were worth $7,366,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DK. AMG National Trust Bank boosted its stake in shares of Delek US by 0.4% during the 2nd quarter. AMG National Trust Bank now owns 109,223 shares of the oil and gas company’s stock worth $2,313,000 after purchasing an additional 472 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its stake in Delek US by 5.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company’s stock worth $287,000 after purchasing an additional 686 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Delek US by 3.0% during the second quarter. International Assets Investment Management LLC now owns 35,186 shares of the oil and gas company’s stock valued at $745,000 after buying an additional 1,029 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Delek US by 3.2% during the second quarter. SummerHaven Investment Management LLC now owns 35,575 shares of the oil and gas company’s stock valued at $753,000 after buying an additional 1,095 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Delek US by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 1,102 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Delek US

In related news, EVP Joseph Israel sold 4,380 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $40.94, for a total value of $179,317.20. Following the completion of the transaction, the executive vice president owned 55,761 shares of the company’s stock, valued at $2,282,855.34. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Reuven Spiegel sold 27,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $41.36, for a total value of $1,116,720.00. Following the sale, the executive vice president owned 23,020 shares of the company’s stock, valued at approximately $952,107.20. This represents a 53.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 66,489 shares of company stock valued at $2,655,285. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. TD Cowen raised their price target on Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Morgan Stanley increased their target price on Delek US from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, November 14th. UBS Group boosted their target price on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday. Raymond James Financial upped their price target on shares of Delek US from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Cowen upgraded shares of Delek US from a “sell” rating to a “hold” rating in a report on Friday, September 19th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.08.

Delek US Price Performance

DK opened at $40.28 on Thursday. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -4.94 and a beta of 0.99. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 7.12. Delek US Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $43.50. The business’s fifty day simple moving average is $35.24 and its 200-day simple moving average is $26.76.

Delek US (NYSE:DK) last released its quarterly earnings data on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The firm had revenue of $2.96 billion during the quarter. On average, equities research analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 10th were issued a $0.255 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.02 annualized dividend and a dividend yield of 2.5%. Delek US’s payout ratio is currently -12.50%.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock 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 terminal.