Federated Hermes Inc. Purchases New Shares in Delek US Holdings, Inc. $DK

Federated Hermes Inc. acquired a new stake in Delek US Holdings, Inc. (NYSE:DK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 167,831 shares of the oil and gas company’s stock, valued at approximately $5,416,000.

Several other large investors also recently made changes to their positions in DK. AlphaQuest LLC raised its holdings in shares of Delek US by 7,331.8% in the second quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 1,613 shares during the last quarter. CWM LLC grew its holdings in Delek US by 56.8% during the 2nd quarter. CWM LLC now owns 3,634 shares of the oil and gas company’s stock worth $77,000 after acquiring an additional 1,316 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Delek US in the 3rd quarter valued at about $219,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Delek US in the third quarter worth about $232,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Delek US during the third quarter worth approximately $240,000. Institutional investors own 97.01% of the company’s stock.

Insider Activity at Delek US

In related news, EVP Reuven Spiegel sold 27,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $41.36, for a total transaction of $1,116,720.00. Following the completion of the transaction, the executive vice president owned 23,020 shares in the company, valued at approximately $952,107.20. The trade was a 53.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert G. Wright sold 2,303 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $40.43, for a total transaction of $93,110.29. Following the completion of the sale, the executive vice president owned 38,966 shares in the company, valued at approximately $1,575,395.38. This trade represents a 5.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 59,354 shares of company stock worth $2,446,658 in the last ninety days. Company insiders own 1.90% of the company’s stock.

Delek US Stock Performance

DK stock opened at $28.92 on Tuesday. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $43.50. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 7.12. The company has a market cap of $1.74 billion, a P/E ratio of -3.54 and a beta of 0.84. The business’s fifty day moving average is $31.66 and its 200-day moving average is $31.14.

Delek US (NYSE:DK) last released its quarterly earnings data on Friday, November 7th. The oil and gas company reported $7.13 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $6.85. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company posted ($1.45) earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. Equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Mizuho increased their price objective on Delek US from $45.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Citigroup dropped their target price on Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Scotiabank set a $34.00 price target on Delek US in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $38.85.

About Delek US

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.