15,679 Shares of Delek US Holdings, Inc. $DK Bought by Yousif Capital Management LLC

Yousif Capital Management LLC bought a new stake in Delek US Holdings, Inc. (NYSE:DK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,679 shares of the oil and gas company’s stock, valued at approximately $1,119,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. purchased a new stake in shares of Delek US during the third quarter worth about $229,000. Nisa Investment Advisors LLC raised its position in shares of Delek US by 61.6% in the third quarter. Nisa Investment Advisors LLC now owns 5,423 shares of the oil and gas company’s stock valued at $387,000 after buying an additional 2,067 shares during the last quarter. Revisor Wealth Management LLC purchased a new position in shares of Delek US during the third quarter valued at approximately $209,000. Islay Capital Management LLC purchased a new position in shares of Delek US during the third quarter valued at approximately $757,000. Finally, Net Worth Advisory Group boosted its position in Delek US by 2.1% during the third quarter. Net Worth Advisory Group now owns 13,327 shares of the oil and gas company’s stock worth $991,000 after acquiring an additional 277 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $73.21, for a total transaction of $549,075.00. Following the completion of the transaction, the executive vice president owned 28,935 shares in the company, valued at $2,118,331.35. The trade was a 20.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 163,377 shares of company stock worth $11,082,485. Insiders own 3.56% of the company’s stock.

Delek US Price Performance

Shares of Delek US stock opened at $73.39 on Friday. Delek US Holdings, Inc. has a twelve month low of $25.85 and a twelve month high of $82.27. The stock has a market capitalization of $4.49 billion, a P/E ratio of 20.62, a PEG ratio of 0.54 and a beta of 0.62. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. The business’s fifty day moving average price is $74.00 and its 200 day moving average price is $52.81.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping the consensus estimate of $2.67 by $2.81. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%. The firm’s revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.56) earnings per share. As a group, research analysts anticipate that Delek US Holdings, Inc. will post 18.62 earnings per share for the current year.

Delek US Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DK. TD Cowen boosted their price target on Delek US from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Piper Sandler began coverage on Delek US in a research note on Tuesday. They set a “neutral” rating and a $90.00 price target on the stock. Mizuho cut Delek US from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $66.00 to $83.00 in a report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley upped their target price on Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Delek US presently has an average rating of “Moderate Buy” and an average target price of $75.00.

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.