Canada Pension Plan Investment Board Takes $17.34 Million Position in Delek US Holdings, Inc. $DK

Key Points

• Canada Pension Plan Investment Board acquired 341,200 Delek US shares worth approximately $17.34 million, giving it a 0.56% stake. Institutional investors collectively own 97.01% of the company.
• Delek US reported quarterly EPS of $5.48, beating estimates by $2.81, while revenue rose 47.9% year over year to $4.09 billion. Shares were trading near $72.26, close to their 12-month high.
• The company paid a quarterly dividend of $0.255, equivalent to $1.02 annually and a 1.4% yield. Analysts remain mixed, with a consensus “Hold” rating and an average price target of $53.15, despite several recent target increases.

Canada Pension Plan Investment Board purchased a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 341,200 shares of the oil and gas company's stock, valued at approximately $17,336,000. Canada Pension Plan Investment Board owned about 0.56% of Delek US as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Delek US by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company's stock worth $187,773,000 after purchasing an additional 38,577 shares during the last quarter. BlackRock Inc. bought a new position in shares of Delek US in the 2nd quarter valued at about $275,233,000. Ion Asset Management Ltd. grew its position in shares of Delek US by 1.8% during the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company's stock worth $79,296,000 after buying an additional 67,490 shares during the period. State Street Corp raised its stake in shares of Delek US by 3.4% during the fourth quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company's stock worth $78,286,000 after buying an additional 87,846 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Delek US by 24.7% during the fourth quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company's stock worth $60,300,000 after buying an additional 403,059 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Trading Up 2.8%

Shares of NYSE DK opened at $72.26 on Friday. Delek US Holdings, Inc. has a twelve month low of $25.85 and a twelve month high of $73.39. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.39 and a beta of 0.57. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The company's fifty day moving average is $60.72 and its 200-day moving average is $48.72.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $2.67 by $2.81. The business had revenue of $4.09 billion during 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%. The firm's quarterly revenue was up 47.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.56) EPS. Equities research analysts predict that Delek US Holdings, Inc. will post 11.05 EPS for the current year.

Delek US Announces Dividend

The firm 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 of this dividend was Monday, August 3rd. Delek US's payout ratio is presently 28.65%.

Insider Buying and Selling

In other Delek US news, Director Gary M. Jr. Sullivan sold 27,688 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.01, for a total value of $1,910,748.88. Following the completion of the sale, the director directly owned 32,004 shares in the company, valued at $2,208,596.04. This represents a 46.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J. Finnerty sold 1,457 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $64.70, for a total value of $94,267.90. Following the sale, the director directly owned 33,348 shares in the company, valued at approximately $2,157,615.60. This represents a 4.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 151,077 shares of company stock valued at $9,929,931. 3.56% of the stock is owned by company insiders.

Trending Headlines about 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 Upgrades and Downgrades

A number of brokerages have issued reports on DK. Weiss Ratings raised shares of Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a research note on Thursday, August 6th. Citigroup reaffirmed a "neutral" rating on shares of Delek US in a research note on Thursday, August 6th. Mizuho upped their price objective on Delek US from $60.00 to $66.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. 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. Finally, Morgan Stanley increased their target price on Delek US from $41.00 to $45.00 and gave the company an "equal weight" rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Delek US currently has a consensus rating of "Hold" and an average target price 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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