Delek US Holdings, Inc. (NYSE:DK) Stock Holdings Lifted by Empowered Funds LLC

Empowered Funds LLC grew its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 5.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 335,932 shares of the oil and gas company’s stock after buying an additional 16,345 shares during the quarter. Empowered Funds LLC’s holdings in Delek US were worth $6,215,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DK. River Road Asset Management LLC lifted its holdings in shares of Delek US by 1.1% during the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after purchasing an additional 45,949 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Delek US by 17.2% during the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock valued at $61,492,000 after buying an additional 480,614 shares in the last quarter. State Street Corp boosted its holdings in shares of Delek US by 8.0% in the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after buying an additional 223,110 shares during the period. Rubric Capital Management LP purchased a new position in shares of Delek US in the third quarter worth approximately $37,500,000. Finally, FMR LLC raised its holdings in shares of Delek US by 47.3% during the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after acquiring an additional 548,777 shares during the period. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DK. Mizuho decreased their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Wells Fargo & Company lowered their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Bank of America initiated coverage on Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.00.

Delek US Trading Up 4.8 %

Shares of NYSE DK opened at $19.46 on Tuesday. The business has a 50 day simple moving average of $18.30 and a 200 day simple moving average of $18.98. Delek US Holdings, Inc. has a 52 week low of $15.36 and a 52 week high of $33.60. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -4.00 and a beta of 1.20. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

Delek US Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.