Harel Insurance Investments & Financial Services Ltd. Has $1.61 Million Stock Position in Delek US Holdings, Inc. $DK

Harel Insurance Investments & Financial Services Ltd. lessened its stake in Delek US Holdings, Inc. (NYSE:DK) by 96.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the oil and gas company’s stock after selling 1,551,777 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned about 0.08% of Delek US worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in shares of Delek US by 264.4% during the third quarter. SG Americas Securities LLC now owns 79,292 shares of the oil and gas company’s stock valued at $2,559,000 after purchasing an additional 57,534 shares during the last quarter. Merit Financial Group LLC bought a new position in Delek US in the 3rd quarter valued at $219,000. CWM LLC increased its stake in shares of Delek US by 121.4% in the 3rd quarter. CWM LLC now owns 8,044 shares of the oil and gas company’s stock valued at $260,000 after buying an additional 4,410 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of Delek US by 2.2% during the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 507 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Delek US during the second quarter worth $1,066,000. 97.01% of the stock is owned by institutional investors.

Insider Activity

In other Delek US news, EVP Joseph Israel sold 20,028 shares of Delek US stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $41.12, for a total value of $823,551.36. Following the transaction, the executive vice president owned 62,793 shares of the company’s stock, valued at approximately $2,582,048.16. The trade was a 24.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Reuven Spiegel sold 27,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $41.36, for a total transaction of $1,116,720.00. Following the sale, the executive vice president directly owned 23,020 shares of the company’s stock, valued at $952,107.20. This represents a 53.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 59,354 shares of company stock worth $2,446,658 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

DK has been the subject of a number of research reports. Scotiabank set a $34.00 price objective on Delek US in a research report on Friday. Morgan Stanley raised their target price on shares of Delek US from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, November 14th. Wells Fargo & Company boosted their price target on shares of Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Piper Sandler cut their price objective on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, TD Cowen lifted their target price on shares of Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Delek US presently has an average rating of “Hold” and a consensus target price of $38.77.

Delek US Stock Down 4.7%

Shares of NYSE DK opened at $27.64 on Monday. Delek US Holdings, Inc. has a 52-week low of $11.02 and a 52-week high of $43.50. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.58 and a current ratio of 0.86. The stock has a market cap of $1.66 billion, a P/E ratio of -3.39 and a beta of 0.81. The firm has a 50 day moving average price of $34.25 and a 200 day moving average price of $30.89.

Delek US (NYSE:DK) last posted its earnings results on Friday, November 7th. The oil and gas company reported $7.13 earnings per share for the quarter, topping the consensus estimate of $0.28 by $6.85. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the business posted ($1.45) earnings per share. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 10th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.7%. Delek US’s dividend payout ratio (DPR) is currently -12.50%.

Delek US Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.