Summit Trail Advisors LLC Takes Position in Delek US Holdings, Inc. (NYSE:DK)

Summit Trail Advisors LLC purchased a new position in shares of Delek US Holdings, Inc. (NYSE:DK) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 30,553 shares of the oil and gas company’s stock, valued at approximately $565,000.

Other institutional investors have also modified their holdings of the company. Equitable Trust Co. purchased a new stake in Delek US in the 4th quarter valued at approximately $341,000. Empowered Funds LLC raised 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 acquired a new stake in Delek US in the fourth quarter valued at $196,000. KBC Group NV boosted its position 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 purchasing an additional 1,538 shares in the last quarter. Finally, Mutual Advisors LLC grew its stake 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 purchasing an additional 13,689 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of DK opened at $19.52 on Wednesday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -4.02 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. Delek US Holdings, Inc. has a 1 year low of $15.36 and a 1 year high of $33.60. The company’s 50 day simple moving average is $18.30 and its 200 day simple moving average is $18.96.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Wells Fargo & Company dropped their price objective 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. Bank of America initiated coverage on Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Mizuho lowered their price objective 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 equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.00.

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.