Kornitzer Capital Management Inc. KS bought a new position in Delek US Holdings, Inc. (NYSE:DK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,800 shares of the oil and gas company’s stock, valued at approximately $377,000.
A number of other large investors have also modified their holdings of the business. Quantbot Technologies LP bought a new position in Delek US in the 3rd quarter worth approximately $114,000. Hanseatic Management Services Inc. boosted its position in shares of Delek US by 18,606.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 5,954 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Delek US by 51.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after acquiring an additional 2,412 shares during the last quarter. Amalgamated Bank bought a new position in shares of Delek US during the 2nd quarter valued at approximately $207,000. Finally, ETRADE Capital Management LLC bought a new position in shares of Delek US during the 3rd quarter valued at approximately $215,000. 89.13% of the stock is owned by institutional investors and hedge funds.
Shares of Delek US Holdings, Inc. (DK) traded up $0.86 during mid-day trading on Wednesday, reaching $32.85. The company had a trading volume of 362,638 shares, compared to its average volume of 1,162,029. Delek US Holdings, Inc. has a 12 month low of $20.65 and a 12 month high of $39.43. The company has a market capitalization of $2,690.00, a P/E ratio of 3.94, a P/E/G ratio of 1.42 and a beta of 1.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 1.09.
In other Delek US news, COO Frederec Green sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $32.00, for a total value of $320,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony L. Miller sold 1,155 shares of Delek US stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $32.79, for a total value of $37,872.45. The disclosure for this sale can be found here. In the last three months, insiders sold 225,631 shares of company stock valued at $7,683,903. Corporate insiders own 1.61% of the company’s stock.
DK has been the subject of a number of research reports. Raymond James Financial upgraded Delek US from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $32.00 to $35.00 in a research report on Monday, November 13th. Bank of America lowered Delek US from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a report on Friday, December 8th. Zacks Investment Research lowered Delek US from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Wells Fargo & Co reiterated a “positive” rating on shares of Delek US in a research note on Thursday, November 23rd. Finally, Tudor Pickering upgraded Delek US from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.36.
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Delek US Profile
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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