Schwab Charles Investment Management Inc. Grows Position in Delek US Holdings, Inc. (DK)

Schwab Charles Investment Management Inc. lifted its stake in Delek US Holdings, Inc. (NYSE:DK) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 506,762 shares of the oil and gas company’s stock after acquiring an additional 31,424 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Delek US were worth $17,707,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in Delek US in the third quarter worth about $114,000. Hanseatic Management Services Inc. raised its position in Delek US by 18,606.3% in the third quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 5,954 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Delek US by 51.3% in the third quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock worth $188,000 after purchasing an additional 2,412 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in Delek US in the third quarter worth about $215,000. Finally, Aperio Group LLC acquired a new position in Delek US in the third quarter worth about $236,000. Institutional investors and hedge funds own 90.62% of the company’s stock.

In other news, Director David Wiessman sold 84,121 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $33.07, for a total transaction of $2,781,881.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Anthony L. Miller sold 1,155 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $32.79, for a total transaction of $37,872.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 215,631 shares of company stock valued at $7,363,903. Company insiders own 1.61% of the company’s stock.

Shares of Delek US Holdings, Inc. (NYSE:DK) opened at $33.97 on Friday. The firm has a market cap of $2,829.12, a P/E ratio of 258.77, a PEG ratio of 1.41 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. Delek US Holdings, Inc. has a fifty-two week low of $20.65 and a fifty-two week high of $39.43.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Delek US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Citigroup raised shares of Delek US from a “neutral” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, February 14th. Scotiabank reissued a “buy” rating and issued a $43.00 price target on shares of Delek US in a research report on Wednesday, January 10th. Morgan Stanley raised shares of Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 price target for the company in a research report on Thursday, January 11th. Finally, Cowen reissued a “buy” rating and issued a $33.00 price target on shares of Delek US in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.36.

WARNING: This article was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/23/schwab-charles-investment-management-inc-grows-position-in-delek-us-holdings-inc-dk.html.

About Delek US

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.

Want to see what other hedge funds are holding DK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delek US Holdings, Inc. (NYSE:DK).

Institutional Ownership by Quarter for Delek US (NYSE:DK)

Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply