Fulcrum Asset Management LLP Buys 55,146 Shares of Delek US Holdings, Inc. $DK

Fulcrum Asset Management LLP increased its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 344,662.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,162 shares of the oil and gas company's stock after purchasing an additional 55,146 shares during the quarter. Fulcrum Asset Management LLP owned 0.09% of Delek US worth $3,791,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DK. Brighton Jones LLC acquired a new stake in Delek US in the third quarter valued at approximately $1,113,000. Parallel Advisors LLC grew its holdings in Delek US by 168.3% during the 3rd quarter. Parallel Advisors LLC now owns 440 shares of the oil and gas company's stock worth $31,000 after acquiring an additional 276 shares in the last quarter. Calamos Advisors LLC acquired a new position in Delek US during the 3rd quarter worth approximately $1,197,000. Oregon Public Employees Retirement Fund acquired a new position in Delek US during the 3rd quarter worth approximately $978,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Delek US in the 3rd quarter valued at approximately $218,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DK shares. Freedom Broker assumed coverage on shares of Delek US in a report on Wednesday, October 7th. They issued a "hold" rating and a $86.00 price objective on the stock. Wall Street Zen raised shares of Delek US from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 9th. The Goldman Sachs Group boosted their target price on shares of Delek US from $83.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, October 15th. TD Cowen increased their target price on Delek US from $85.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. increased their target price on Delek US from $57.00 to $62.00 and gave the company a "neutral" rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $77.58.

Insider Activity at Delek US

In other news, CEO Avigal Soreq sold 80,000 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $66.51, for a total value of $5,320,800.00. Following the completion of the sale, the chief executive officer directly owned 231,486 shares of the company's stock, valued at approximately $15,396,133.86. The trade was a 25.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Hobbs sold 20,000 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $64.59, for a total value of $1,291,800.00. Following the completion of the sale, the executive vice president directly owned 104,326 shares of the company's stock, valued at $6,738,416.34. The trade was a 16.09% 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 90 days, insiders have sold 163,377 shares of company stock valued at $11,082,485. Corporate insiders own 3.56% of the company's stock.

Delek US Stock Performance

Shares of Delek US stock opened at $64.94 on Tuesday. 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's 50 day moving average is $73.54 and its two-hundred day moving average is $53.94. The firm has a market capitalization of $3.98 billion, a P/E ratio of 3.45, a P/E/G ratio of 0.48 and a beta of 0.61.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Friday, November 6th. The oil and gas company reported $13.55 earnings per share for the quarter, topping the consensus estimate of $8.05 by $5.50. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the previous year, the firm earned $7.13 EPS. The company's revenue was up 52.1% compared to the same quarter last year. Research analysts forecast that Delek US Holdings, Inc. will post 18.62 EPS for the current fiscal year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Tuesday, November 10th will be paid a $0.30 dividend. This is a boost from Delek US's previous quarterly dividend of $0.2550. This represents a $1.20 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, November 10th. Delek US's payout ratio is currently 5.41%.

About Delek US

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.

Founded in 2001, Delek US has grown through acquisitions and investments in refining and energy infrastructure.

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