Engineers Gate Manager LP bought a new stake in Delek US Holdings, Inc. (NYSE:DK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 20,799 shares of the oil and gas company’s stock, valued at approximately $727,000.

Several other hedge funds and other institutional investors have also modified their holdings of DK. Point72 Asset Management L.P. boosted its stake in shares of Delek US by 315.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,790,717 shares of the oil and gas company’s stock valued at $74,596,000 after purchasing an additional 2,119,017 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Delek US by 35.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,058,494 shares of the oil and gas company’s stock valued at $188,672,000 after acquiring an additional 1,833,630 shares during the period. Vanguard Group Inc. raised its position in shares of Delek US by 33.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock valued at $183,982,000 after acquiring an additional 1,753,373 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Delek US in the 2nd quarter valued at approximately $13,991,000. Finally, Bank of New York Mellon Corp raised its position in shares of Delek US by 72.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,149,603 shares of the oil and gas company’s stock valued at $30,729,000 after acquiring an additional 481,713 shares during the period. 89.13% of the stock is currently owned by institutional investors.

Shares of Delek US Holdings, Inc. (DK) opened at $32.14 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 1.09. The company has a market cap of $2,613.83, a P/E ratio of 239.08, a price-to-earnings-growth ratio of 1.37 and a beta of 1.69. Delek US Holdings, Inc. has a fifty-two week low of $20.65 and a fifty-two week high of $39.43.

DK has been the topic of a number of analyst reports. TheStreet upgraded shares of Delek US from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. Cowen reiterated a “buy” rating and issued a $33.00 price target on shares of Delek US in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Delek US from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 price target on shares of Delek US in a research report on Wednesday, October 18th. Finally, Tudor Pickering upgraded shares of Delek US from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.21.

In other Delek US news, COO Frederec Green sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $32.00, for a total transaction of $320,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donald Norman Holmes sold 4,476 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $32.74, for a total transaction of $146,544.24. The disclosure for this sale can be found here. Insiders have sold a total of 225,631 shares of company stock worth $7,683,903 over the last 90 days. Corporate insiders own 1.61% of the company’s stock.

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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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Institutional Ownership by Quarter for Delek US (NYSE:DK)

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