Summit Trail Advisors LLC Makes New Investment in Delek US Holdings, Inc. (NYSE:DK)

Summit Trail Advisors LLC bought a new position in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 30,553 shares of the oil and gas company's stock, valued at approximately $565,000.

A number of other large investors have also made changes to their positions in DK. Equitable Trust Co. bought a new stake in Delek US in the fourth quarter worth approximately $341,000. Empowered Funds LLC grew its position in Delek US by 5.1% in the fourth quarter. Empowered Funds LLC now owns 335,932 shares of the oil and gas company's stock worth $6,215,000 after acquiring an additional 16,345 shares in the last quarter. Abel Hall LLC bought a new stake in shares of Delek US during the 4th quarter worth $196,000. KBC Group NV boosted its holdings 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 worth $71,000 after buying an additional 1,538 shares during the period. Finally, Mutual Advisors LLC boosted its holdings in shares of Delek US by 26.3% during the 4th quarter. Mutual Advisors LLC now owns 65,754 shares of the oil and gas company's stock worth $1,316,000 after buying an additional 13,689 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DK shares. Mizuho decreased their price objective on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Wells Fargo & Company decreased their price objective on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, December 9th. Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $21.00.

Delek US Price Performance

Shares of DK stock traded up $0.81 during mid-day trading on Friday, reaching $18.24. The company's stock had a trading volume of 1,188,435 shares, compared to its average volume of 992,509. Delek US Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60. The company has a market cap of $1.15 billion, a P/E ratio of -3.75 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. The firm's 50-day moving average is $18.26 and its two-hundred day moving average is $18.84.

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.