International Assets Investment Management LLC Has $12.16 Million Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

International Assets Investment Management LLC boosted its stake in Delek US Holdings, Inc. (NYSE:DK) by 1,753.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 648,507 shares of the oil and gas company’s stock after buying an additional 613,514 shares during the period. International Assets Investment Management LLC owned approximately 1.01% of Delek US worth $12,160,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DK. Encompass Capital Advisors LLC acquired a new position in Delek US in the 2nd quarter valued at about $22,833,000. Point72 Asset Management L.P. bought a new stake in Delek US in the 2nd quarter valued at about $19,806,000. SIR Capital Management L.P. boosted its holdings in Delek US by 37.2% in the 2nd quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock valued at $21,693,000 after purchasing an additional 237,734 shares during the period. Acadian Asset Management LLC boosted its holdings in Delek US by 627.2% in the 1st quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company’s stock valued at $8,191,000 after purchasing an additional 229,992 shares during the period. Finally, Highland Peak Capital LLC bought a new stake in Delek US in the 2nd quarter valued at about $5,241,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Scotiabank cut their price objective on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Bank of America assumed coverage on shares of Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target for the company. Mizuho raised shares of Delek US from an “underperform” rating to a “neutral” rating and cut their price target for the stock from $28.00 to $26.00 in a report on Monday, September 16th. Morgan Stanley cut their price target on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, September 16th. Finally, StockNews.com downgraded shares of Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Delek US has an average rating of “Hold” and an average price target of $22.00.

Insider Buying and Selling at Delek US

In other Delek US news, CEO Avigal Soreq purchased 5,651 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $20.42 per share, with a total value of $115,393.42. Following the completion of the purchase, the chief executive officer now owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Delek US Price Performance

Shares of NYSE:DK opened at $16.02 on Thursday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -12.92 and a beta of 1.13. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $18.97 and a 200 day simple moving average of $22.87. Delek US Holdings, Inc. has a one year low of $15.93 and a one year high of $33.60.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($1.42) by $0.50. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.31 billion. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The firm’s revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. Research analysts predict that Delek US Holdings, Inc. will post -3.79 earnings per share for the current fiscal year.

Delek US Company 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.