KBC Group NV Increases Holdings in Delek US Holdings, Inc. (NYSE:DK)

KBC Group NV raised its stake in Delek US Holdings, Inc. (NYSE:DK) by 66.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,859 shares of the oil and gas company’s stock after purchasing an additional 1,538 shares during the quarter. KBC Group NV’s holdings in Delek US were worth $71,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. F M Investments LLC lifted its holdings in Delek US by 0.5% in the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock worth $3,275,000 after buying an additional 807 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Delek US by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock worth $827,000 after acquiring an additional 1,282 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock worth $342,000 after acquiring an additional 1,292 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Delek US by 5.1% in the third quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company’s stock valued at $551,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in 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 in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Delek US Price Performance

DK opened at $19.46 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The company’s 50-day moving average price is $18.30 and its 200 day moving average price is $18.98. Delek US Holdings, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $33.60. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -4.00 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.