Man Group plc Invests $1.54 Million in Delek US Holdings, Inc. $DK

Man Group plc bought a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,369 shares of the oil and gas company’s stock, valued at approximately $1,543,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jupiter Topco LLC purchased a new position in Delek US in the 2nd quarter worth approximately $1,401,000. Hsbc Holdings PLC bought a new position in shares of Delek US in the second quarter worth approximately $1,568,000. PDT Partners LLC bought a new position in shares of Delek US in the second quarter worth approximately $15,667,000. Canada Pension Plan Investment Board purchased a new position in shares of Delek US in the second quarter worth $17,336,000. Finally, SIR Capital Management L.P. purchased a new position in shares of Delek US in the second quarter worth $18,459,000. 97.01% of the stock is currently owned by institutional investors.

Delek US Stock Down 2.2%

Shares of NYSE DK opened at $71.74 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. Delek US Holdings, Inc. has a 12 month low of $25.85 and a 12 month high of $77.40. The firm has a market capitalization of $4.39 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.46 and a beta of 0.59. The firm has a fifty day simple moving average of $62.47 and a two-hundred day simple moving average of $49.64.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping 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 firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period last year, the company posted ($0.56) EPS. The company’s quarterly revenue was up 47.9% compared to the same quarter last year. Equities analysts expect that Delek US Holdings, Inc. will post 11.05 earnings per share for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a $0.255 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.4%. Delek US’s dividend payout ratio (DPR) is 28.65%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DK. The Goldman Sachs Group raised their price target 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. Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Wells Fargo & Company raised their target price on Delek US from $59.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday. TD Cowen boosted their price target on Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Raymond James Financial upped their price target on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.09.

Insider Buying and Selling at Delek US

In other news, Director Richard J. Marcogliese sold 2,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $71.05, for a total value of $142,100.00. Following the completion of the transaction, the director owned 12,880 shares of the company’s stock, valued at approximately $915,124. This represents a 13.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Finnerty sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $64.70, for a total value of $94,267.90. Following the completion of the transaction, the director owned 33,348 shares of the company’s stock, valued at approximately $2,157,615.60. The trade was a 4.19% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 146,145 shares of company stock worth $9,699,317. Insiders own 3.56% of the company’s stock.

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.