Delek US Holdings, Inc. (DK) Stake Decreased by Alpha Windward LLC
Alpha Windward LLC lessened its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 22.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,040 shares of the oil and gas company’s stock after selling 5,040 shares during the quarter. Alpha Windward LLC’s holdings in Delek US were worth $595,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Delek US during the 3rd quarter worth approximately $114,000. Hanseatic Management Services Inc. raised its position in Delek US by 18,606.3% in the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 5,954 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Delek US by 51.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after purchasing an additional 2,412 shares during the last quarter. Amalgamated Bank purchased a new stake in Delek US in the 2nd quarter valued at $207,000. Finally, ETRADE Capital Management LLC purchased a new stake in Delek US in the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 93.10% of the company’s stock.
Delek US Holdings, Inc. (NYSE DK) opened at $39.13 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 0.76. The stock has a market cap of $3,120.00, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 1.91 and a beta of 2.01. Delek US Holdings, Inc. has a 12 month low of $20.65 and a 12 month high of $39.43.
In other Delek US news, insider Assi Ginzburg sold 20,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total value of $560,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Frederec Green sold 10,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. The disclosure for this sale can be found here. Insiders sold a total of 255,631 shares of company stock worth $8,523,903 over the last three months. 1.61% of the stock is currently owned by corporate insiders.
DK has been the subject of several research reports. Raymond James Financial upgraded shares of Delek US from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $32.00 to $35.00 in a research report on Monday, November 13th. Bank of America downgraded shares of Delek US from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research report on Friday, December 8th. Zacks Investment Research downgraded shares of Delek US from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Tudor Pickering upgraded shares of Delek US from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Wells Fargo & Co reiterated a “positive” rating on shares of Delek US in a research report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Delek US currently has an average rating of “Buy” and an average price target of $35.14.
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Delek US Profile
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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