International Assets Investment Management LLC Buys 613,514 Shares of Delek US Holdings, Inc. (NYSE:DK)

International Assets Investment Management LLC raised its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 1,753.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 648,507 shares of the oil and gas company's stock after buying an additional 613,514 shares during the quarter. International Assets Investment Management LLC owned about 1.01% of Delek US worth $12,160,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DK. Quarry LP bought a new position in Delek US in the second quarter worth about $43,000. Allspring Global Investments Holdings LLC bought a new position in shares of Delek US in the 1st quarter worth approximately $172,000. Bailard Inc. purchased a new position in shares of Delek US in the 2nd quarter valued at approximately $201,000. Chesapeake Capital Corp IL purchased a new position in shares of Delek US in the 2nd quarter valued at approximately $223,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Delek US during the second quarter valued at approximately $223,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of research reports. StockNews.com downgraded Delek US from a "hold" rating to a "sell" rating in a report on Saturday, September 21st. Piper Sandler decreased their price target on shares of Delek US from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, September 20th. TD Cowen dropped their price objective on shares of Delek US from $19.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, August 8th. Scotiabank cut their price objective on shares of Delek US from $25.00 to $22.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th. Finally, Morgan Stanley lowered their target price on shares of Delek US from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, September 16th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Delek US presently has an average rating of "Hold" and a consensus price target of $22.00.

Insider Transactions at Delek US

In related news, CEO Avigal Soreq bought 5,651 shares of the firm's stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $20.42 per share, for a total transaction of $115,393.42. Following the purchase, the chief executive officer now owns 188,881 shares in the company, valued at approximately $3,856,950.02. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company's stock.

Delek US Stock Down 2.2 %

DK traded down $0.36 during trading on Thursday, hitting $15.67. 1,060,288 shares of the company's stock traded hands, compared to its average volume of 1,062,243. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -9.27 and a beta of 1.13. The company's 50 day simple moving average is $18.88 and its two-hundred day simple moving average is $22.82. Delek US Holdings, Inc. has a 12-month low of $15.55 and a 12-month high of $33.60. The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 2.50.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same period last year, the firm posted $1.00 earnings per share. Delek US's revenue was down 18.4% compared to the same quarter last year. Analysts predict that Delek US Holdings, Inc. will post -3.79 earnings per share for the current fiscal year.

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.