Delek US Holdings, Inc. (NYSE:DK) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC lifted its position in Delek US Holdings, Inc. (NYSE:DK) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,932 shares of the oil and gas company’s stock after acquiring an additional 16,345 shares during the quarter. Empowered Funds LLC owned 0.53% of Delek US worth $6,215,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. KBC Group NV boosted its stake in Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 1,538 shares during the period. Farther Finance Advisors LLC boosted its position in Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 1,508 shares during the period. ARS Investment Partners LLC bought a new position in Delek US during the 4th quarter worth $185,000. Capstone Investment Advisors LLC acquired a new stake in Delek US in the third quarter worth $193,000. Finally, Abel Hall LLC bought a new stake in Delek US in the fourth quarter valued at $196,000. 97.01% of the stock is currently owned by institutional investors.

Delek US Trading Up 4.8 %

Shares of Delek US stock opened at $19.46 on Tuesday. The business has a fifty day simple moving average of $18.30 and a 200-day simple moving average of $18.98. Delek US Holdings, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $33.60. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -4.00 and a beta of 1.20. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Analysts Set New Price Targets

DK has been the subject of several recent research reports. Bank of America began coverage on shares of Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target for the company. Mizuho dropped their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company reduced their price objective on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Delek US Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock 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 terminal.