VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Shares in Delek US Holdings, Inc. $DK

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Delek US Holdings, Inc. (NYSE:DK) during the third quarter, HoldingsChannel reports. The institutional investor acquired 8,200 shares of the oil and gas company’s stock, valued at approximately $585,000.

Several other hedge funds have also modified their holdings of the company. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Delek US in the third quarter valued at $111,000. Carolina Wealth Advisors LLC purchased a new stake in Delek US during the third quarter valued at $38,000. Sterling Capital Management LLC raised its stake in Delek US by 837.7% during the third quarter. Sterling Capital Management LLC now owns 2,016 shares of the oil and gas company’s stock valued at $144,000 after purchasing an additional 1,801 shares in the last quarter. Inspire Investing LLC bought a new position in Delek US during the third quarter valued at $711,000. Finally, Yousif Capital Management LLC bought a new position in shares of Delek US in the 3rd quarter valued at about $1,119,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Key Delek US News

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: For Q3 2026, adjusted EPS was $13.55, versus the $8.05 FactSet estimate, while revenue of $4.39 billion exceeded the $3.88 billion consensus and rose 52.1% year over year. Reports attributed the strong results to refining performance and margins. Earnings results
• Positive Sentiment: Management raised its Enterprise Optimization Plan improvement guidance to at least $250 million from $220 million, signaling confidence in further operational gains and cash-flow generation. Company results release
• Positive Sentiment: Delek is targeting $100 million in share repurchases during Q4, which could support per-share value if completed. Buyback and improvement plan

Delek US Trading Up 1.9%

Delek US stock traded up $1.17 during midday trading on Friday, reaching $63.66. The stock had a trading volume of 1,632,537 shares, compared to its average volume of 1,649,891. 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 $25.85 and a 52-week high of $82.27. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 0.51 and a beta of 0.61. The company has a fifty day moving average of $73.68 and a 200 day moving average of $53.75.

Delek US (NYSE:DK) last announced its earnings results on Friday, November 6th. The oil and gas company reported $13.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.05 by $5.50. Delek US had a return on equity of 109.03% and a net margin of 1.86%. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same quarter in the previous year, the business earned $7.13 earnings per share. The company’s revenue for the quarter was up 52.1% compared to the same quarter last year. On average, analysts anticipate that Delek US Holdings, Inc. will post 18.62 earnings per share for the current fiscal year.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Delek US’s previous quarterly dividend of $0.2550. Delek US’s dividend payout ratio is 28.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler started coverage on Delek US in a research report on Tuesday, October 27th. They set a “neutral” rating and a $90.00 price objective on the stock. Mizuho cut Delek US from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $83.00 in a report on Thursday, October 8th. Freedom Broker started coverage on Delek US in a research report on Wednesday, October 7th. They set a “hold” rating and a $86.00 target price on the stock. Citigroup restated a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. 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 investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.42.

Insider Activity

In related news, Director William Finnerty sold 2,943 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $77.17, for a total transaction of $227,111.31. Following the completion of the transaction, the director owned 30,405 shares in the company, valued at $2,346,353.85. The trade was a 8.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amber Russell sold 5,392 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $75.50, for a total value of $407,096.00. Following the completion of the transaction, the executive vice president directly owned 35,670 shares in the company, valued at $2,693,085. This trade represents a 13.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 163,377 shares of company stock worth $11,082,485 in the last three months. Corporate insiders own 3.56% of the company’s stock.

About Delek US

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.