Equitable Trust Co. Buys Shares of 18,425 Delek US Holdings, Inc. (NYSE:DK)

Equitable Trust Co. acquired a new position in Delek US Holdings, Inc. (NYSE:DK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,425 shares of the oil and gas company's stock, valued at approximately $341,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV lifted its stake in shares of Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after buying an additional 1,538 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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 last quarter. ARS Investment Partners LLC bought a new stake in Delek US in the 4th quarter worth $185,000. Capstone Investment Advisors LLC bought a new stake in Delek US in the 3rd quarter worth $193,000. Finally, Abel Hall LLC purchased a new stake in shares of Delek US in the 4th quarter worth about $196,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DK shares. JPMorgan Chase & Co. lifted their price target on shares of Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Wells Fargo & Company lowered their target price on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, December 9th. Finally, Mizuho decreased 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. Five analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, Delek US presently has a consensus rating of "Hold" and a consensus target price of $21.00.

Delek US Trading Up 4.6 %

Shares of NYSE DK traded up $0.81 during mid-day trading on Friday, reaching $18.24. The company had a trading volume of 1,188,435 shares, compared to its average volume of 992,509. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 52 week low of $15.36 and a 52 week high of $33.60. The business's 50-day moving average is $18.26 and its 200-day moving average is $18.84. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -3.75 and a beta of 1.20.

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.