10,612 Shares of Delek US Holdings, Inc. $DK Acquired by Islay Capital Management LLC

Islay Capital Management LLC purchased a new stake in Delek US Holdings, Inc. (NYSE:DK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,612 shares of the oil and gas company’s stock, valued at approximately $757,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC grew its position in Delek US by 223.7% in the 3rd quarter. Fortitude Family Office LLC now owns 547 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 378 shares in the last quarter. Allworth Financial LP bought a new stake in Delek US in the second quarter worth about $30,000. IFP Advisors Inc lifted its holdings in Delek US by 842.7% in the 3rd quarter. IFP Advisors Inc now owns 707 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 632 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Delek US by 61.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,183 shares of the oil and gas company’s stock worth $84,000 after purchasing an additional 451 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Delek US in the second quarter worth approximately $61,000. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Delek US

In other news, Director William J. Finnerty sold 2,943 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $77.17, for a total transaction of $227,111.31. Following the transaction, the director directly owned 30,405 shares in the company, valued at approximately $2,346,353.85. This represents a 8.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Reuven Spiegel sold 7,500 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $73.21, for a total value of $549,075.00. Following the completion of the transaction, the executive vice president owned 28,935 shares in the company, valued at $2,118,331.35. The trade was a 20.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 163,377 shares of company stock worth $11,082,485 over the last 90 days. Company insiders own 3.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. boosted their price objective on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Morgan Stanley increased their price objective on Delek US from $45.00 to $81.00 and gave the stock an “equal weight” rating in a report on Monday, September 14th. Weiss Ratings upgraded Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Raymond James Financial boosted their price target on Delek US from $72.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $70.83.

Delek US Stock Performance

Shares of NYSE:DK traded up $1.06 on Tuesday, hitting $76.14. 408,893 shares of the company were exchanged, compared to its average volume of 1,572,579. The company’s 50 day moving average price is $72.66 and its two-hundred day moving average price is $57.59. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 0.38 and a beta of 0.62. 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 Holdings, Inc. has a one year low of $25.85 and a one year high of $82.27.

Delek US (NYSE:DK) last posted 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 return on equity of 109.03% and a net margin of 1.86%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the prior year, the firm posted ($0.56) EPS. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. Research analysts expect that Delek US Holdings, Inc. will post 15.95 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.2550 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 1.3%. Delek US’s dividend payout ratio (DPR) is presently 28.65%.

Delek US Profile

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.