Equitable Trust Co. Acquires Shares of 18,425 Delek US Holdings, Inc. (NYSE:DK)

Equitable Trust Co. acquired a new stake in Delek US Holdings, Inc. (NYSE:DK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,425 shares of the oil and gas company’s stock, valued at approximately $341,000.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV lifted its holdings in shares of Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 1,538 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 1,508 shares in the last quarter. ARS Investment Partners LLC bought a new position in shares of Delek US in the fourth quarter valued at approximately $185,000. Capstone Investment Advisors LLC bought a new position in shares of Delek US in the third quarter valued at approximately $193,000. Finally, Abel Hall LLC bought a new position in shares of Delek US in the fourth quarter valued at approximately $196,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DK. Bank of America began coverage on Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target on the stock. Mizuho dropped their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company lowered their target price on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.00.

Delek US Trading Up 0.3 %

NYSE DK opened at $19.52 on Wednesday. Delek US Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The stock has a 50-day moving average of $18.30 and a 200-day moving average of $18.96. The firm has a market cap of $1.23 billion, a PE ratio of -4.02 and a beta of 1.20.

Delek US Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.