Equitable Trust Co. Takes Position in Delek US Holdings, Inc. (NYSE:DK)

Equitable Trust Co. acquired a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,425 shares of the oil and gas company’s stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. River Road Asset Management LLC increased its position in Delek US by 1.1% during the 3rd 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 buying an additional 45,949 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Delek US by 17.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after purchasing an additional 480,614 shares in the last quarter. State Street Corp increased its holdings in shares of Delek US by 8.0% in the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after purchasing an additional 223,110 shares in the last quarter. Rubric Capital Management LP bought a new stake in shares of Delek US in the 3rd quarter worth $37,500,000. Finally, FMR LLC increased its holdings in shares of Delek US by 47.3% in the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after purchasing an additional 548,777 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

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

Delek US Stock Performance

DK stock opened at $19.52 on Wednesday. The company has a market cap of $1.23 billion, a P/E ratio of -4.02 and a beta of 1.20. Delek US Holdings, Inc. has a 1 year low of $15.36 and a 1 year high of $33.60. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The stock’s fifty day moving average price is $18.30 and its 200-day moving average price is $18.96.

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.