Bank of New York Mellon Corp Buys Shares of 388,897 Delek US Holdings, Inc. $DK

Bank of New York Mellon Corp bought a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 388,897 shares of the oil and gas company's stock, valued at approximately $19,760,000. Bank of New York Mellon Corp owned about 0.63% of Delek US as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of Delek US by 95.6% during 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. acquired a new position in shares of Delek US in the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC grew its stake 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 worth $29,000 after buying an additional 614 shares during the period. Focus Partners Wealth acquired a new stake in shares of Delek US in the third quarter valued at about $44,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Delek US by 1,327.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company's stock worth $58,000 after purchasing an additional 1,818 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Price Performance

Shares of NYSE:DK opened at $72.26 on Monday. 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 fifty-two week low of $25.85 and a fifty-two week high of $73.39. The firm has a 50-day simple moving average of $60.72 and a 200 day simple moving average of $48.82. The company has a market cap of $4.42 billion, a PE ratio of 20.30, a P/E/G ratio of 1.43 and a beta of 0.57.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.67 by $2.81. The firm had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. Delek US's revenue was up 47.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.56) earnings per share. On average, sell-side analysts anticipate that Delek US Holdings, Inc. will post 11.05 EPS for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US's dividend payout ratio (DPR) is presently 28.65%.

Insider Activity at Delek US

In related news, CEO Avigal Soreq sold 80,000 shares of Delek US stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $66.51, for a total value of $5,320,800.00. Following the sale, the chief executive officer directly owned 231,486 shares in the company, valued at $15,396,133.86. This trade represents a 25.68% decrease in their position. The sale 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 business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $68.21, for a total transaction of $682,100.00. Following the transaction, the executive vice president directly owned 36,435 shares of the company's stock, valued at $2,485,231.35. The trade was a 21.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 148,016 shares of company stock valued at $9,789,125. Company insiders own 3.56% of the company's stock.

Key Headlines Impacting Delek US

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

• Positive Sentiment: Zacks Research raised its 2026 EPS forecast to $7.94 from $2.22 and its 2027 forecast to $3.26 from $2.21. The firm also increased estimates for Q3 2026 to $1.77, Q4 2026 to $0.61, Q2 2027 to $0.84, Q3 2027 to $0.93 and Q4 2027 to $1.08. These revisions suggest analysts expect stronger near-term refining and downstream profitability. Delek US stock information
• Positive Sentiment: Zacks maintained a “Strong-Buy” rating on Delek US. The company’s latest quarterly results also provide momentum: EPS of $5.48 beat consensus by $2.81, while revenue increased 47.9% year over year to $4.09 billion.
• Positive Sentiment: Analysts also lifted the Q1 2028 EPS estimate to $0.57 from a projected loss of $0.26, and raised the Q4 2027 estimate to $1.08 from $0.86. Delek continues to pay a quarterly dividend of $0.255, or $1.02 annualized, although the approximately 1.4% yield is not the main driver of the recent move.

Analyst Ratings Changes

DK has been the subject of several research analyst reports. TD Cowen increased their target price on Delek US from $58.00 to $76.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price target 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 upgraded shares of Delek US from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 9th. Raymond James Financial raised their price objective on shares of Delek US from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, July 13th. Finally, Weiss Ratings raised shares of Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $53.15.

Delek US 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.

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