Empowered Funds LLC Sells 127,796 Shares of Delek US Holdings, Inc. $DK

Empowered Funds LLC trimmed its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 92.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,122 shares of the oil and gas company’s stock after selling 127,796 shares during the quarter. Empowered Funds LLC’s holdings in Delek US were worth $456,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of DK. Thoroughbred Financial Services LLC boosted its holdings in Delek US by 1.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after purchasing an additional 348 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Delek US by 1.8% during the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 400 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in shares of Delek US by 23.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 425 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 432 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in shares of Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after buying an additional 507 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Raymond James Financial boosted their price target on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday. The Goldman Sachs Group upped their target price on Delek US from $58.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, July 17th. TD Cowen increased their target price on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. raised their price target on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $52.38.

Delek US Trading Up 5.0%

Shares of Delek US stock opened at $63.86 on Wednesday. The firm’s 50 day moving average is $54.88 and its 200 day moving average is $45.36. The firm has a market capitalization of $3.91 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.48 and a beta of 0.57. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. Delek US Holdings, Inc. has a 1 year low of $20.65 and a 1 year high of $68.93.

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, beating analysts’ consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the company earned ($0.56) EPS. Delek US’s revenue was up 47.9% compared to the same quarter last year. Equities research analysts forecast that Delek US Holdings, Inc. will post 9.03 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, August 3rd. Delek US’s dividend payout ratio is 28.65%.

Insider Buying and Selling

In other news, Director Laurie Z. Tolson sold 4,921 shares of the stock in a transaction dated Monday, May 18th. The stock was 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 approximately $843,863.80. This represents a 21.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Reuven Spiegel sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $44.36, for a total value of $443,600.00. Following the transaction, the executive vice president owned 48,372 shares of the company’s stock, valued at $2,145,781.92. This trade represents a 17.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,550 shares of company stock valued at $1,324,128 over the last 90 days. 3.56% of the stock is owned by corporate insiders.

Delek US 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.