Williamson Legacy Group LLC Takes Position in Delek US Holdings, Inc. $DK

Williamson Legacy Group LLC purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 36,904 shares of the oil and gas company’s stock, valued at approximately $1,095,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Delek US by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after purchasing an additional 38,577 shares in the last quarter. Ion Asset Management Ltd. lifted its holdings in shares of Delek US by 1.8% during the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock valued at $79,296,000 after purchasing an additional 67,490 shares in the last quarter. Barclays PLC lifted its holdings in shares of Delek US by 29.4% during the third quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after purchasing an additional 425,896 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Delek US by 40.2% during the third quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock valued at $47,569,000 after purchasing an additional 423,017 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Delek US by 6,300.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after acquiring an additional 1,285,861 shares during the period. 97.01% of the stock is owned by institutional investors.

Delek US Stock Down 1.9%

DK stock opened at $42.86 on Wednesday. Delek US Holdings, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $49.50. The business’s 50-day moving average is $43.51 and its two-hundred day moving average is $37.67. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. The company has a market cap of $2.63 billion, a price-to-earnings ratio of -47.10, a P/E/G ratio of 0.30 and a beta of 0.63.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($2.32) earnings per share. As a group, analysts forecast that Delek US Holdings, Inc. will post 4.95 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were given a $0.255 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. Delek US’s dividend payout ratio is presently -112.09%.

Analysts Set New Price Targets

A number of research firms have weighed in on DK. Weiss Ratings downgraded Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Wells Fargo & Company increased their target price on Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a report on Monday, May 18th. Morgan Stanley set a $41.00 target price on Delek US in a report on Monday, May 4th. Finally, Raymond James Financial increased their target price on Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.23.

Insiders Place Their Bets

In other Delek US news, Director Laurie Z. Tolson sold 4,921 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $46.30, for a total value of $227,842.30. Following the completion of the sale, the director owned 18,226 shares in the company, valued at $843,863.80. This represents a 21.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robert G. Wright sold 10,720 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $47.07, for a total value of $504,590.40. Following the completion of the sale, the executive vice president owned 48,148 shares of the company’s stock, valued at approximately $2,266,326.36. The trade was a 18.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 197,736 shares of company stock valued at $8,433,442. 3.56% of the stock is currently owned by corporate insiders.

Delek US 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.