Knights of Columbus Asset Advisors LLC Makes New Investment in Delek US Holdings, Inc. $DK

Knights of Columbus Asset Advisors LLC acquired a new stake in Delek US Holdings, Inc. (NYSE:DK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,151 shares of the oil and gas company’s stock, valued at approximately $1,081,000.

A number of other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Delek US in the second quarter valued at about $275,233,000. Arrowstreet Capital Limited Partnership lifted its position in Delek US by 26.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,596,093 shares of the oil and gas company’s stock valued at $71,936,000 after purchasing an additional 335,892 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Delek US by 19.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,136,720 shares of the oil and gas company’s stock valued at $51,232,000 after purchasing an additional 181,820 shares during the period. Bank of America Corp DE boosted its holdings in Delek US by 118.0% in the 1st quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after purchasing an additional 458,004 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Delek US in the 2nd quarter valued at approximately $22,987,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of DK opened at $68.44 on Friday. The company has a 50-day simple moving average of $73.13 and a 200-day simple moving average of $54.51. The company has a quick ratio of 0.92, a current ratio of 1.33 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $4.15 billion, a PE ratio of 4.06, a P/E/G ratio of 0.45 and a beta of 0.61. Delek US Holdings, Inc. has a 52-week low of $25.85 and a 52-week high of $82.27.

Delek US (NYSE:DK) last announced its quarterly earnings data on Friday, November 6th. The oil and gas company reported $13.55 EPS for the quarter, beating the consensus estimate of $8.05 by $5.50. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Delek US had a net margin of 8.70% and a return on equity of 140.39%. The business’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same quarter last year, the business earned $7.13 earnings per share. Equities research analysts predict that Delek US Holdings, Inc. will post 20.15 earnings per share for the current fiscal year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Tuesday, November 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. This is a boost from Delek US’s previous quarterly dividend of $0.2550. The ex-dividend date of this dividend is Tuesday, November 10th. Delek US’s dividend payout ratio is 6.37%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Delek US from $82.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 14th. TD Cowen raised their price target on Delek US from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Weiss Ratings upgraded Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Citigroup upped their price objective on Delek US from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Delek US has a consensus rating of “Moderate Buy” and an average target price of $77.75.

Insider Activity at Delek US

In other news, Director Gary Sullivan, Jr. sold 27,688 shares of Delek US stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $69.01, for a total transaction of $1,910,748.88. Following the completion of the sale, the director directly owned 32,004 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Reuven Spiegel sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total value of $549,075.00. Following the sale, the executive vice president directly owned 28,935 shares in the company, valued at $2,118,331.35. This trade represents a 20.58% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 163,377 shares of company stock worth $11,082,485. 3.56% of the stock is currently owned by company insiders.

Delek US Profile

Delek US Holdings, Inc. is an independent downstream energy company focused on petroleum refining and related logistics in the southern United States. Its refining operations are located in Texas, Arkansas and Louisiana, where it processes crude oil into transportation fuels and other petroleum products. Products from Delek US refineries include gasoline, diesel, jet fuel, asphalt and petroleum coke. The company also markets refined products to customers and operates midstream assets, including pipelines, terminals and storage facilities, through its subsidiary Delek Logistics Partners.