Van ECK Associates Corp Purchases 9,483 Shares of Delek US Holdings, Inc. $DK

Van ECK Associates Corp lifted its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 20.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,647 shares of the oil and gas company’s stock after acquiring an additional 9,483 shares during the quarter. Van ECK Associates Corp’s holdings in Delek US were worth $2,827,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in 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 purchasing an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Delek US in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 614 shares during the period. Allworth Financial LP bought a new position in Delek US in the 2nd quarter valued at approximately $30,000. Finally, Focus Partners Wealth acquired a new stake in Delek US during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gary M. Jr. Sullivan sold 27,688 shares of Delek US stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.01, for a total value of $1,910,748.88. Following the completion of the transaction, the director directly owned 32,004 shares of the company’s stock, valued at approximately $2,208,596.04. This trade represents a 46.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William J. Finnerty sold 5,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $51.50, for a total value of $257,500.00. Following the completion of the transaction, the director directly owned 34,805 shares in the company, valued at $1,792,457.50. This represents a 12.56% 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 have sold 153,645 shares of company stock valued at $10,248,392 over the last quarter. Company insiders own 3.56% of the company’s stock.

Delek US Stock Performance

NYSE:DK opened at $71.95 on Friday. The company has a market capitalization of $4.41 billion, a PE ratio of 20.21, a P/E/G ratio of 1.42 and a beta of 0.59. The company has a 50 day simple moving average of $62.97 and a two-hundred day simple moving average of $49.91. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. Delek US Holdings, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $77.40.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the company earned ($0.56) EPS. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. Research analysts anticipate that Delek US Holdings, Inc. will post 11.05 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DK shares. Morgan Stanley boosted their target price 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. The Goldman Sachs Group raised their price target on shares of Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Wells Fargo & Company boosted their price objective on shares of Delek US from $59.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Delek US currently has an average rating of “Moderate Buy” and an average target price of $59.09.

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.