Squarepoint Ops LLC Increases Stock Position in Delek US Holdings, Inc. $DK

Squarepoint Ops LLC raised its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 110.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 176,773 shares of the oil and gas company’s stock after purchasing an additional 92,957 shares during the period. Squarepoint Ops LLC owned 0.29% of Delek US worth $8,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Delek US in the second quarter worth about $275,233,000. Ion Asset Management Ltd. boosted its stake in Delek US by 1.8% during the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock valued at $79,296,000 after buying an additional 67,490 shares during the last quarter. California State Teachers Retirement System boosted its stake in Delek US by 4,681.3% during the second quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company’s stock valued at $173,325,000 after buying an additional 3,339,885 shares during the last quarter. State Street Corp grew its holdings in Delek US by 3.4% during the 4th quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock valued at $78,286,000 after buying an additional 87,846 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Delek US by 24.7% during the 4th quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock valued at $60,300,000 after buying an additional 403,059 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DK. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. TD Cowen boosted their price target on shares of Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company lifted 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, September 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.09.

Insiders Place Their Bets

In other news, Director Richard Marcogliese sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $71.05, for a total value of $142,100.00. Following the completion of the sale, the director owned 12,880 shares in the company, valued at approximately $915,124. This trade represents a 13.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vicky Sutil sold 6,397 shares of Delek US stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $71.50, for a total transaction of $457,385.50. Following the transaction, the director directly owned 26,407 shares of the company’s stock, valued at approximately $1,888,100.50. This represents a 19.50% 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. In the last quarter, insiders have sold 160,042 shares of company stock valued at $10,705,777. 3.56% of the stock is currently owned by company insiders.

Delek US Price Performance

Shares of Delek US stock opened at $74.72 on Friday. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.49 and a beta of 0.59. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The stock has a 50 day moving average price of $65.26 and a 200-day moving average price of $51.30. Delek US Holdings, Inc. has a one year low of $25.85 and a one year high of $77.80.

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

Delek US Dividend Announcement

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

Delek US Company 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.