Empowered Funds LLC Buys 16,345 Shares of Delek US Holdings, Inc. (NYSE:DK)

Empowered Funds LLC lifted its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 approximately 0.53% of Delek US worth $6,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. River Road Asset Management LLC boosted its stake in shares of Delek US by 1.1% during the 3rd quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company's stock worth $76,880,000 after acquiring an additional 45,949 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Delek US by 17.2% during the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company's stock worth $61,492,000 after acquiring an additional 480,614 shares during the period. State Street Corp boosted its stake in shares of Delek US by 8.0% during the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company's stock worth $56,612,000 after acquiring an additional 223,110 shares during the period. Rubric Capital Management LP bought a new position in shares of Delek US during the 3rd quarter worth approximately $37,500,000. Finally, FMR LLC boosted its stake in shares of Delek US by 47.3% during the 3rd 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. 97.01% of the stock is currently owned by institutional investors.

Delek US Price Performance

NYSE DK traded up $0.81 during midday trading on Friday, hitting $18.24. The company had a trading volume of 1,188,435 shares, compared to its average volume of 1,102,261. The company has a market capitalization of $1.15 billion, a PE ratio of -3.75 and a beta of 1.20. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The firm has a 50-day moving average price of $18.26 and a 200-day moving average price of $18.91. Delek US Holdings, Inc. has a twelve month low of $15.36 and a twelve month high of $33.60.

Analysts Set New Price Targets

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

Delek US Company 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.