Delek US Holdings, Inc. $DK Shares Newly Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue purchased a new stake in Delek US Holdings, Inc. (NYSE:DK) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,024 shares of the oil and gas company’s stock, valued at approximately $858,000.

Several other large investors have also recently made changes to their positions in DK. BlackRock Inc. purchased a new position in shares of Delek US during the 2nd quarter worth approximately $275,233,000. Arrowstreet Capital Limited Partnership increased its holdings in Delek US by 26.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,596,093 shares of the oil and gas company’s stock valued at $71,936,000 after purchasing an additional 335,892 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Delek US by 19.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,136,720 shares of the oil and gas company’s stock valued at $51,232,000 after purchasing an additional 181,820 shares during the period. Bank of America Corp DE raised its position in 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 purchasing an additional 458,004 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Delek US in the second quarter valued at approximately $22,987,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DK shares. Freedom Broker assumed 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. Citigroup reiterated a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. Weiss Ratings upgraded Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. The Goldman Sachs Group increased their target price on Delek US from $83.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Finally, Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.83.

Insider Activity at Delek US

In other news, EVP Reuven Spiegel sold 7,500 shares of Delek US stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total value of $549,075.00. Following the completion of the transaction, the executive vice president owned 28,935 shares in the company, valued at approximately $2,118,331.35. This trade represents a 20.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Vicky Sutil sold 6,397 shares of Delek US stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $71.50, for a total value of $457,385.50. Following the completion of the transaction, the director owned 26,407 shares of the company’s stock, valued at $1,888,100.50. The trade was a 19.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 163,377 shares of company stock worth $11,082,485 over the last quarter. 3.56% of the stock is currently owned by insiders.

Delek US Stock Performance

NYSE:DK opened at $78.07 on Thursday. Delek US Holdings, Inc. has a 52 week low of $25.85 and a 52 week high of $82.27. The company has a fifty day simple moving average of $73.15 and a two-hundred day simple moving average of $58.06. 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 company has a market cap of $4.78 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 0.34 and a beta of 0.62.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating 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 return on equity of 109.03% and a net margin of 1.86%. The company’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.56) earnings per share. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post 17.77 earnings per share for the current fiscal year.

About Delek US

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.