Summit Trail Advisors LLC Takes Position in Delek US Holdings, Inc. (NYSE:DK)

Summit Trail Advisors LLC purchased a new stake in Delek US Holdings, Inc. (NYSE:DK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,553 shares of the oil and gas company’s stock, valued at approximately $565,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rubric Capital Management LP acquired a new stake in Delek US during the third quarter worth about $37,500,000. Philosophy Capital Management LLC purchased a new stake in shares of Delek US during the 3rd quarter valued at approximately $21,471,000. International Assets Investment Management LLC lifted its holdings in Delek US by 1,753.2% in the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock valued at $12,160,000 after acquiring an additional 613,514 shares during the last quarter. FMR LLC grew its position in Delek US by 47.3% in the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after acquiring an additional 548,777 shares during the period. Finally, Barclays PLC increased its stake in Delek US by 51.5% during the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock worth $28,065,000 after acquiring an additional 508,719 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Delek US Stock Up 0.3 %

Delek US stock opened at $19.52 on Wednesday. The stock has a 50-day simple moving average of $18.30 and a 200-day simple moving average of $18.96. The company has a market capitalization of $1.23 billion, a P/E ratio of -4.02 and a beta of 1.20. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $33.60.

About Delek US

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.