Thomist Capital Management LP Acquires New Shares in Delek US Holdings, Inc. $DK

Thomist Capital Management LP acquired a new position in Delek US Holdings, Inc. (NYSE:DK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 202,300 shares of the oil and gas company’s stock, valued at approximately $10,279,000. Delek US makes up approximately 3.3% of Thomist Capital Management LP’s holdings, making the stock its 11th biggest position. Thomist Capital Management LP owned about 0.33% of Delek US at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cibc World Market Inc. purchased a new stake in Delek US during the 2nd quarter valued at $408,000. Leigh Baldwin & CO. LLC bought a new position in shares of Delek US during the 2nd quarter valued at $248,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Delek US in the 2nd quarter worth $22,987,000. Quantbot Technologies LP purchased a new position in shares of Delek US in the 2nd quarter worth $992,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Delek US in the second quarter worth $365,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of DK opened at $67.98 on Tuesday. The business has a 50-day simple moving average of $58.48 and a two-hundred day simple moving average of $47.80. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. Delek US Holdings, Inc. has a 52 week low of $24.69 and a 52 week high of $72.00. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.55 and a beta of 0.57.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. The firm 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 business’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.56) EPS. On average, analysts expect that Delek US Holdings, Inc. will post 10.1 EPS for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.5%. Delek US’s payout ratio is currently 28.65%.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of recent research reports. TD Cowen boosted their price target on Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Raymond James Financial increased their price objective on shares of Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Morgan Stanley raised their price objective on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. 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 assigned a Sell rating to the company. According to data from MarketBeat, Delek US currently has a consensus rating of “Hold” and an average target price of $53.15.

Insider Buying and Selling at Delek US

In other Delek US news, EVP Mark Wayne Hobbs sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.59, for a total value of $1,291,800.00. Following the completion of the transaction, the executive vice president directly owned 104,326 shares in the company, valued at $6,738,416.34. This represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 stock in a transaction on Monday, August 17th. The stock was sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the completion of the sale, the chief executive officer directly owned 231,486 shares of the company’s stock, valued at approximately $15,396,133.86. This trade represents a 25.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 123,629 shares of company stock valued at $7,947,385. 3.56% of the stock is currently owned by company 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.