Canada Pension Plan Investment Board Sells 46,500 Shares of Delek US Holdings, Inc. (NYSE:DK)

Canada Pension Plan Investment Board cut its holdings in Delek US Holdings, Inc. (NYSE:DK – Get Rating) by 39.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,800 shares of the oil and gas company’s stock after selling 46,500 shares during the period. Canada Pension Plan Investment Board owned about 0.10% of Delek US worth $1,922,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc bought a new position in shares of Delek US in the third quarter valued at approximately $30,000. Financial Management Professionals Inc. bought a new position in shares of Delek US in the third quarter valued at approximately $31,000. Advisor Group Holdings Inc. grew its holdings in shares of Delek US by 44.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 486 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Delek US by 386.3% in the second quarter. Pinebridge Investments L.P. now owns 1,945 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 1,545 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Delek US by 61.3% during the first quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 793 shares during the period. 98.34% of the stock is owned by institutional investors.

Delek US Trading Up 1.1 %

Shares of DK stock opened at $27.22 on Tuesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.63 and a current ratio of 1.05. Delek US Holdings, Inc. has a 52-week low of $16.47 and a 52-week high of $35.45. The company has a market capitalization of $1.90 billion, a PE ratio of 5.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.41. The business’s fifty day moving average is $26.21 and its 200 day moving average is $28.12.

Analysts Set New Price Targets

Several brokerages have weighed in on DK. TheStreet lowered Delek US from a “b-” rating to a “c+” rating in a report on Wednesday, December 7th. Raymond James reduced their price objective on Delek US from $39.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 13th. Mizuho lowered Delek US from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $25.00 to $30.00 in a report on Tuesday, January 10th. JPMorgan Chase & Co. reduced their price objective on Delek US from $28.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, November 15th. Finally, Piper Sandler downgraded Delek US from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $49.00 to $32.00 in a research report on Friday, January 20th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.42.

About Delek US

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Delek US Holdings, Inc engages in petroleum refining, and the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.