Sciencast Management LP bought a new position in Delek US Holdings Inc (NYSE:DK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,868 shares of the oil and gas company’s stock, valued at approximately $387,000.
Other hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new position in shares of Delek US during the first quarter valued at $3,324,000. Federated Hermes Inc. raised its holdings in Delek US by 4,795.9% during the 1st quarter. Federated Hermes Inc. now owns 22,864 shares of the oil and gas company’s stock worth $360,000 after purchasing an additional 22,397 shares during the last quarter. Macquarie Group Ltd. lifted its position in Delek US by 15.0% during the 4th quarter. Macquarie Group Ltd. now owns 1,964,086 shares of the oil and gas company’s stock valued at $65,855,000 after purchasing an additional 256,498 shares during the period. Man Group plc boosted its stake in shares of Delek US by 13.1% in the 4th quarter. Man Group plc now owns 120,961 shares of the oil and gas company’s stock valued at $4,056,000 after purchasing an additional 13,977 shares during the last quarter. Finally, Alpha Windward LLC grew its position in shares of Delek US by 24.3% during the 1st quarter. Alpha Windward LLC now owns 16,860 shares of the oil and gas company’s stock worth $266,000 after buying an additional 3,300 shares during the period.
Shares of DK stock opened at $17.48 on Friday. Delek US Holdings Inc has a 12-month low of $7.79 and a 12-month high of $44.08. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.56. The firm has a fifty day moving average of $17.65 and a 200-day moving average of $20.43. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -8.09 and a beta of 2.01.
A number of equities analysts have issued reports on DK shares. JPMorgan Chase & Co. raised their price objective on shares of Delek US from $19.00 to $21.00 and gave the company an “underweight” rating in a research note on Wednesday, May 27th. Wells Fargo & Co raised their price target on Delek US from $13.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Tudor Pickering raised Delek US from a “sell” rating to a “hold” rating and set a $17.00 price objective for the company in a research note on Thursday, July 9th. Barclays increased their target price on Delek US from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Zacks Investment Research upgraded Delek US from a “sell” rating to a “hold” rating and set a $16.00 target price for the company in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Delek US presently has a consensus rating of “Hold” and an average target price of $20.86.
Delek US Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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