WINTON GROUP Ltd Has $2.94 Million Holdings in Delek US Holdings, Inc. $DK

Key Points

• WINTON GROUP Ltd increased its Delek US stake by 445.3% in the second quarter, acquiring 47,200 additional shares for a total position valued at approximately $2.94 million. Institutional investors and hedge funds collectively own 97.01% of the company.
• Delek US reported strong quarterly results, posting $5.48 in EPS versus the $2.67 consensus estimate and $4.09 billion in revenue, up 47.9% year over year. The company also maintains a quarterly dividend of $0.255 per share, yielding about 1.3% annually.
• Analyst sentiment is generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $59.09, though recent targets range as high as $83. Shares opened at $76.22, near their 12-month high of $78.43, while insiders have sold more than 160,000 shares over the past 90 days.

WINTON GROUP Ltd boosted its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 445.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,800 shares of the oil and gas company's stock after acquiring an additional 47,200 shares during the quarter. WINTON GROUP Ltd owned 0.09% of Delek US worth $2,937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Delek US by 95.6% during the fourth 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 during the period. Brown Brothers Harriman & Co. acquired a new stake in Delek US in the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC lifted its stake in Delek US by 173.4% in the 4th 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 bought a new stake in Delek US in the 2nd quarter valued at approximately $30,000. Finally, Focus Partners Wealth acquired a new position in Delek US during the 3rd quarter worth approximately $44,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 transaction of $5,320,800.00. Following 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 document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky Sutil sold 6,397 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $71.50, for a total value of $457,385.50. Following the completion of the sale, the director owned 26,407 shares of the company's stock, valued at $1,888,100.50. The trade was a 19.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 160,042 shares of company stock valued at $10,705,777. Company insiders own 3.56% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on DK shares. Zacks Research upgraded shares of Delek US from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 26th. TD Cowen lifted their target price on Delek US from $58.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their target price on Delek US from $59.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, September 1st. The Goldman Sachs Group upped their target price on Delek US from $73.00 to $83.00 and gave the stock a "buy" rating in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.09.

Delek US Trading Up 1.8%

Shares of DK stock opened at $76.22 on Friday. Delek US Holdings, Inc. has a 12-month low of $25.85 and a 12-month high of $78.43. The company has a market capitalization of $4.67 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.49 and a beta of 0.59. The firm has a 50 day moving average price of $65.73 and a two-hundred day moving average price of $51.47. 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 (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. As a group, analysts predict that Delek US Holdings, Inc. will post 11.05 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors 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 annualized dividend and a yield of 1.3%. Delek US's dividend payout ratio (DPR) is 28.65%.

About Delek US

Delek US Holdings, Inc NYSE: DK is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.

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