Jupiter Topco LLC Makes New Investment in Delek US Holdings, Inc. $DK

Jupiter Topco LLC acquired a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 27,564 shares of the oil and gas company's stock, valued at approximately $1,401,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position 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 in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Delek US in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Delek US by 173.4% in 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 in the last quarter. Allworth Financial LP acquired a new position in shares of Delek US during the second quarter valued at approximately $30,000. Finally, Focus Partners Wealth bought a new stake in Delek US during the third quarter worth approximately $44,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on DK. Wells Fargo & Company boosted their price objective on Delek US from $59.00 to $82.00 and gave the stock an "overweight" rating in a research note on Tuesday. TD Cowen lifted their target price on Delek US from $58.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Morgan Stanley boosted their price target on shares of Delek US from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Friday, June 12th. 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, JPMorgan Chase & Co. lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.09.

Insider Activity at Delek US

In related news, EVP Mark Hobbs sold 20,000 shares of the company's stock in a transaction on 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 owned 104,326 shares in the company, valued at $6,738,416.34. This represents a 16.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Avigal Soreq sold 80,000 shares of the 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 owned 231,486 shares of the company's stock, valued at $15,396,133.86. This trade represents a 25.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 153,645 shares of company stock valued at $10,248,392 in the last three months. 3.56% of the stock is currently owned by corporate insiders.

Delek US Stock Down 0.3%

DK opened at $72.21 on Friday. Delek US Holdings, Inc. has a twelve month low of $25.85 and a twelve month high of $77.40. 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 business has a 50 day moving average price of $63.46 and a 200 day moving average price of $50.06. The firm has a market cap of $4.42 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.67 by $2.81. The company 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 business's quarterly revenue was up 47.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.56) earnings per share. Research analysts forecast 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. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.4%. Delek US's payout ratio is currently 28.65%.

Delek US Company 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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