US Bancorp DE Sells 1,723 Shares of Delek US Holdings, Inc. (DK)

US Bancorp DE cut its stake in Delek US Holdings, Inc. (NYSE:DK) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,731 shares of the oil and gas company’s stock after selling 1,723 shares during the quarter. US Bancorp DE’s holdings in Delek US were worth $725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DK. Point72 Asset Management L.P. increased its stake in shares of Delek US by 315.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,790,717 shares of the oil and gas company’s stock worth $74,596,000 after acquiring an additional 2,119,017 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Delek US by 35.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,058,494 shares of the oil and gas company’s stock worth $188,672,000 after purchasing an additional 1,833,630 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Delek US by 72.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,149,603 shares of the oil and gas company’s stock worth $30,729,000 after purchasing an additional 481,713 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Delek US by 34.0% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,856,792 shares of the oil and gas company’s stock worth $49,632,000 after purchasing an additional 470,895 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Delek US by 371.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 458,456 shares of the oil and gas company’s stock worth $12,254,000 after purchasing an additional 361,162 shares during the last quarter. 90.62% of the stock is owned by institutional investors and hedge funds.

DK has been the subject of a number of recent analyst reports. Morgan Stanley raised Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective for the company in a research report on Thursday, January 11th. Wells Fargo & Co raised Delek US from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Tuesday, November 14th. Raymond James Financial raised Delek US from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $32.00 to $35.00 in a research report on Monday, November 13th. Tudor Pickering raised Delek US from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $40.00 price objective on shares of Delek US in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Delek US has an average rating of “Buy” and a consensus price target of $36.36.

Delek US Holdings, Inc. (NYSE:DK) opened at $34.26 on Friday. The firm has a market capitalization of $2,829.12, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.41 and a beta of 1.69. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 0.76. Delek US Holdings, Inc. has a 52-week low of $20.65 and a 52-week high of $39.43.

In other Delek US news, Director David Wiessman sold 84,121 shares of Delek US stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $33.07, for a total value of $2,781,881.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Frederec Green sold 25,000 shares of Delek US stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $38.00, for a total value of $950,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 215,631 shares of company stock valued at $7,363,903. 1.61% of the stock is currently owned by corporate insiders.

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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.

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

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