Lone Peak Global Investors LLC Has $12.53 Million Holdings in Delek US Holdings, Inc. $DK

Key Points

• Lone Peak Global Investors increased its Delek US Holdings stake by 6% in the second quarter, bringing its holdings to 246,497 shares worth approximately $12.53 million. Institutional investors collectively own 97.01% of the company.
• Delek US reported strong quarterly results, with EPS of $5.48 versus the $2.67 consensus estimate and revenue up 47.9% year over year to $4.09 billion. The company also maintains a quarterly dividend of $0.255 per share, equivalent to a 1.4% annual yield.
• Analyst sentiment has improved, with several firms raising price targets and issuing buy or strong-buy ratings, including Goldman Sachs at $83. However, the overall consensus remains “Hold”, with a $54.92 target price.

Lone Peak Global Investors LLC lifted its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,497 shares of the oil and gas company's stock after buying an additional 13,861 shares during the quarter. Lone Peak Global Investors LLC owned about 0.40% of Delek US worth $12,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Delek US in the 2nd quarter valued at about $275,233,000. ION Fund Management Ltd acquired a new stake in shares of Delek US in the fourth quarter valued at approximately $52,427,000. Norges Bank acquired a new stake in shares of Delek US in the fourth quarter valued at approximately $48,374,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Delek US by 6,300.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company's stock worth $42,153,000 after acquiring an additional 1,285,861 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Delek US by 1,516.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company's stock worth $29,544,000 after acquiring an additional 934,448 shares during the period. 97.01% of the stock is owned by institutional investors.

Delek US Stock Down 1.8%

DK opened at $73.03 on Wednesday. The stock has a fifty day moving average of $61.93 and a 200-day moving average of $49.37. The company has a market capitalization of $4.47 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.48 and a beta of 0.59. Delek US Holdings, Inc. has a fifty-two week low of $25.85 and a fifty-two week 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.

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 EPS for the quarter, beating the consensus estimate of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the prior year, the company posted ($0.56) earnings per share. Delek US's revenue was up 47.9% compared to the same quarter last year. On average, equities analysts expect that Delek US Holdings, Inc. will post 11.05 EPS for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a dividend yield of 1.4%. Delek US's dividend payout ratio (DPR) is currently 28.65%.

Insider Buying and Selling

In other news, CEO Avigal Soreq sold 80,000 shares of Delek US stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 231,486 shares in the company, valued at approximately $15,396,133.86. The trade was a 25.68% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, Director Richard J. Marcogliese sold 2,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $71.05, for a total value of $142,100.00. Following the completion of the sale, the director owned 12,880 shares of the company's stock, valued at approximately $915,124. This trade represents a 13.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 146,145 shares of company stock valued at $9,699,317 in the last quarter. Corporate insiders own 3.56% of the company's stock.

Wall Street Analysts Forecast Growth

DK has been the topic of a number of research analyst reports. Zacks Research upgraded Delek US from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 26th. Mizuho lifted their price objective on shares of Delek US from $60.00 to $66.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. TD Cowen upped their price objective on shares of Delek US from $58.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. 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. Finally, The Goldman Sachs Group lifted their target price on shares of Delek US from $73.00 to $83.00 and gave the stock a "buy" rating in a report on Tuesday, August 18th. One research 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $54.92.

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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