Hillsdale Investment Management Inc. Has $9.71 Million Stock Holdings in Delek US Holdings, Inc. $DK

Hillsdale Investment Management Inc. lifted its holdings in Delek US Holdings, Inc. (NYSE:DK) by 60.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 215,390 shares of the oil and gas company’s stock after buying an additional 80,850 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Delek US were worth $9,708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ION Fund Management Ltd bought a new stake in Delek US during the 4th quarter worth about $52,427,000. Norges Bank bought a new position in shares of Delek US in the fourth quarter worth about $48,374,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Delek US by 6,300.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after acquiring an additional 1,285,861 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Delek US by 1,516.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock worth $29,544,000 after purchasing an additional 934,448 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Delek US by 1,173.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock worth $28,322,000 after purchasing an additional 879,900 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

DK has been the topic of several research analyst reports. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. The Goldman Sachs Group raised Delek US from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $43.00 to $55.00 in a report on Friday, April 10th. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Citigroup increased their price objective on Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, Mizuho lifted their target price on Delek US from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Delek US presently has a consensus rating of “Hold” and an average price target of $47.31.

Insider Buying and Selling

In related news, Director William J. Finnerty sold 5,000 shares of Delek US stock in a transaction on Monday, June 29th. The stock was sold at an average price of $51.50, for a total transaction of $257,500.00. Following the completion of the sale, the director directly owned 34,805 shares of the company’s stock, valued at $1,792,457.50. The trade was a 12.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laurie Z. Tolson sold 4,921 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $46.30, for a total value of $227,842.30. Following the completion of the sale, the director owned 18,226 shares of the company’s stock, valued at $843,863.80. This represents a 21.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,270 shares of company stock worth $1,828,718 over the last 90 days. 3.56% of the stock is currently owned by corporate insiders.

Delek US Trading Up 4.5%

DK opened at $58.02 on Tuesday. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The company has a market cap of $3.56 billion, a price-to-earnings ratio of -63.76, a price-to-earnings-growth ratio of 0.34 and a beta of 0.58. The firm has a 50 day simple moving average of $47.09 and a 200 day simple moving average of $40.32. Delek US Holdings, Inc. has a fifty-two week low of $19.81 and a fifty-two week high of $58.59.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the firm earned ($2.32) earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that Delek US Holdings, Inc. will post 5.6 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were paid a $0.255 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.8%. Delek US’s dividend payout ratio is -112.09%.

Delek US Company Profile

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.