Oregon Public Employees Retirement Fund Acquires 13,700 Shares of Delek US Holdings, Inc. $DK

Oregon Public Employees Retirement Fund bought a new stake in Delek US Holdings, Inc. (NYSE:DK) during the third quarter, HoldingsChannel.com reports. The firm bought 13,700 shares of the oil and gas company’s stock, valued at approximately $978,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DK. Allworth Financial LP acquired a new stake in shares of Delek US in the 2nd quarter valued at approximately $30,000. Carolina Wealth Advisors LLC acquired a new position in shares of Delek US during the third quarter worth $38,000. Fortitude Family Office LLC lifted its stake in shares of Delek US by 223.7% in the 3rd quarter. Fortitude Family Office LLC now owns 547 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 378 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Delek US by 842.7% during the 3rd quarter. IFP Advisors Inc now owns 707 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 632 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Delek US by 1,327.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 1,818 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Up 1.6%

Shares of NYSE:DK opened at $64.94 on Tuesday. Delek US Holdings, Inc. has a 1 year low of $25.85 and a 1 year high of $82.27. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The business’s 50-day moving average is $73.54 and its 200-day moving average is $53.94. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 3.45, a P/E/G ratio of 0.48 and a beta of 0.61.

Delek US (NYSE:DK) last issued its earnings results on Friday, November 6th. The oil and gas company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $8.05 by $5.50. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $3.88 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%. The firm’s revenue for the quarter was up 52.1% on a year-over-year basis. During the same period in the previous year, the company posted $7.13 earnings per share. Equities research analysts predict 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 paid a $0.30 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. This is a boost from Delek US’s previous quarterly dividend of $0.2550. Delek US’s dividend payout ratio (DPR) is 5.41%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DK shares. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Raymond James Financial reissued an “outperform” rating and set a $95.00 target price on shares of Delek US in a report on Friday. Citigroup lifted their price target on shares of Delek US from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday. TD Cowen increased their price objective on Delek US from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Finally, The Goldman Sachs Group raised their target price on Delek US from $83.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. One 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 stock. Based on data from MarketBeat, Delek US has an average rating of “Moderate Buy” and an average target price of $77.58.

Insider Buying and Selling at Delek US

In other Delek US news, EVP Mark Hobbs sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $64.59, for a total value of $1,291,800.00. Following the completion of the sale, the executive vice president owned 104,326 shares of the company’s stock, valued at approximately $6,738,416.34. This trade represents a 16.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Avigal Soreq sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $66.51, for a total value of $5,320,800.00. Following the sale, the chief executive officer owned 231,486 shares of the company’s stock, valued at approximately $15,396,133.86. This represents a 25.68% 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 sold 163,377 shares of company stock worth $11,082,485 in the last quarter. Company insiders own 3.56% of the company’s stock.

Delek US Profile

Delek US Holdings, Inc is an independent downstream energy company focused on petroleum refining and related logistics in the southern United States. Its refining operations are located in Texas, Arkansas and Louisiana, where it processes crude oil into transportation fuels and other petroleum products.

Products from Delek US refineries include gasoline, diesel, jet fuel, asphalt and petroleum coke. The company also markets refined products to customers and operates midstream assets, including pipelines, terminals and storage facilities, through its subsidiary Delek Logistics Partners.

Founded in 2001, Delek US has grown through acquisitions and investments in refining and energy infrastructure.