363,287 Shares in Delek US Holdings, Inc. $DK Acquired by SIR Capital Management L.P.

Key Points

• SIR Capital Management acquired 363,287 Delek US shares worth approximately $18.5 million in the second quarter, giving it a 0.59% stake. Institutional investors collectively own 97.01% of the company.
• Delek US reported strong quarterly results, with earnings of $5.48 per share versus the $2.67 consensus estimate and revenue up 47.9% year over year to $4.09 billion.
• The stock was trading near its 52-week high at $67.98, while analysts maintained a consensus “Hold” rating despite several price-target increases. The company also pays a quarterly dividend of $0.255 per share, yielding about 1.5%.

SIR Capital Management L.P. bought a new position in Delek US Holdings, Inc. (NYSE:DK - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 363,287 shares of the oil and gas company's stock, valued at approximately $18,459,000. Delek US accounts for about 2.1% of SIR Capital Management L.P.'s investment portfolio, making the stock its 12th largest position. SIR Capital Management L.P. owned approximately 0.59% of Delek US at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company's stock worth $26,000 after buying an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Delek US during the third quarter valued at $27,000. EverSource Wealth Advisors LLC increased its position in Delek US by 173.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company's stock valued at $29,000 after acquiring an additional 614 shares during the last quarter. Allworth Financial LP bought a new position in Delek US in the second quarter valued at about $30,000. Finally, Torren Management LLC bought a new position in Delek US in the fourth quarter valued at about $40,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Delek US

In other Delek US news, Director William J. Finnerty sold 5,000 shares of the company's stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Reuven Spiegel sold 10,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.21, for a total transaction of $682,100.00. Following the completion of the sale, the executive vice president directly owned 36,435 shares of the company's stock, valued at approximately $2,485,231.35. This trade represents a 21.54% 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. Insiders have sold 123,629 shares of company stock worth $7,947,385 in the last 90 days. Insiders own 3.56% of the company's stock.

Delek US Stock Performance

NYSE:DK opened at $67.98 on Tuesday. 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 simple moving average of $58.48 and a two-hundred day simple moving average of $47.80. The firm has a market capitalization of $4.16 billion, a PE ratio of 19.10, a P/E/G ratio of 1.55 and a beta of 0.57. Delek US Holdings, Inc. has a 52-week low of $24.69 and a 52-week high of $72.00.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the company earned ($0.56) earnings per share. The business's revenue for the quarter was up 47.9% compared to the same quarter last year. Analysts forecast that Delek US Holdings, Inc. will post 10.1 EPS for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.255 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 1.5%. Delek US's dividend payout ratio (DPR) is presently 28.65%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Delek US from $73.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $57.00 to $62.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 14th. Wall Street Zen raised shares of Delek US from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 9th. Zacks Research upgraded shares of Delek US from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 26th. Finally, Raymond James Financial upped their target price on shares of Delek US from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Delek US currently has a consensus rating of "Hold" and an average price target of $53.15.

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.

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