TD Asset Management Inc Has $879,000 Stock Holdings in Delek US Holdings, Inc. $DK

Key Points

• TD Asset Management Inc increased its stock holdings in Delek US Holdings, Inc. by 172.3% in Q2, owning 41,514 shares worth approximately $879,000.
• Analysts have raised their price targets for Delek US, with Bank of America setting a new target at $24.00 and Raymond James at $37.00, while the consensus target price is $33.00.
• Insider selling occurred as CFO Robert G. Wright sold 7,135 shares for over $208,000, significantly reducing his ownership by 12.87%.

TD Asset Management Inc increased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 172.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,514 shares of the oil and gas company's stock after acquiring an additional 26,268 shares during the quarter. TD Asset Management Inc owned about 0.07% of Delek US worth $879,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DK. CWM LLC increased its position in Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 1,164 shares during the period. Creative Financial Designs Inc. ADV bought a new position in Delek US during the first quarter worth about $47,000. GAMMA Investing LLC increased its position in Delek US by 907.0% during the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock worth $63,000 after acquiring an additional 3,746 shares during the period. State of Wyoming bought a new position in Delek US during the first quarter worth about $95,000. Finally, Eisler Capital Management Ltd. bought a new position in Delek US during the first quarter worth about $172,000. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DK. Bank of America raised their target price on shares of Delek US from $14.00 to $24.00 and gave the company an "underperform" rating in a report on Wednesday, September 3rd. UBS Group raised their target price on shares of Delek US from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. raised their target price on shares of Delek US from $19.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, October 15th. Raymond James Financial raised their price target on shares of Delek US from $33.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, October 17th. Finally, TD Cowen upgraded shares of Delek US from a "sell" rating to a "hold" rating and raised their price target for the company from $15.00 to $28.00 in a research note on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $33.00.

Insider Buying and Selling

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total transaction of $208,627.40. Following the sale, the chief financial officer directly owned 48,294 shares of the company's stock, valued at $1,412,116.56. This represents a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Delek US Price Performance

Shares of NYSE:DK opened at $35.55 on Thursday. The company has a market capitalization of $2.14 billion, a P/E ratio of -2.89 and a beta of 1.01. Delek US Holdings, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $35.96. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. The company's 50-day moving average is $30.29 and its 200 day moving average is $22.91.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. The business had revenue of $2.96 billion for the quarter. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. On average, equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 2.9%. Delek US's dividend payout ratio is -8.30%.

Delek US Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.

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