Delek US Holdings (DK) : Ion Asset Management Ltd. scooped up 52,434 additional shares in Delek US Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,394,687 shares of Delek US Holdings which is valued at $22,872,867.Delek US Holdings makes up approximately 10.45% of Ion Asset Management Ltd.’s portfolio.
Other Hedge Funds, Including , Jacobs Levy Equity Management Inc reduced its stake in DK by selling 10,005 shares or 17.4% in the most recent quarter. The Hedge Fund company now holds 47,480 shares of DK which is valued at $778,672. Delek US Holdings makes up approx 0.02% of Jacobs Levy Equity Management Inc’s portfolio.Kennedy Capital Management reduced its stake in DK by selling 35,687 shares or 8.9% in the most recent quarter. The Hedge Fund company now holds 365,151 shares of DK which is valued at $5,988,476. Delek US Holdings makes up approx 0.12% of Kennedy Capital Management’s portfolio.Tiaa Cref Investment Management boosted its stake in DK in the latest quarter, The investment management firm added 84,182 additional shares and now holds a total of 350,253 shares of Delek US Holdings which is valued at $5,744,149.Gsa Capital Partners Llp reduced its stake in DK by selling 34,976 shares or 25.59% in the most recent quarter. The Hedge Fund company now holds 101,710 shares of DK which is valued at $1,449,368. Delek US Holdings makes up approx 0.08% of Gsa Capital Partners Llp’s portfolio.
Delek US Holdings closed down -0.24 points or -1.37% at $17.31 with 6,69,447 shares getting traded on Thursday. Post opening the session at $17.52, the shares hit an intraday low of $17.07 and an intraday high of $17.7297 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Delek US Holdings reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $-0.13. The company had revenue of $1364.10 million for the quarter, compared to analysts expectations of $1433.74 million. The company’s revenue was down -22.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.
Many Wall Street Analysts have commented on Delek US Holdings. Company shares were Reiterated by Scotia Howard Weil on Aug 30, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $15 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 19 from a previous price target of $17 .Delek US Holdings was Downgraded by Scotia Howard Weil to ” Sector Perform” on Jul 11, 2016.
Delek US Holdings Inc. (Delek) is an integrated energy business focused on petroleum refining the transportation storage and wholesale of crude oil and intermediate and refined products and convenience store retailing. The Company operates through three operating segments: Refining Logistics and Retail. The Companys Refining Segment operates independent refineries in Tyler Texas (the Tyler refinery) and El Dorado Arkansas (the El Dorado refinery) with a combined design crude distillation capacity of 140000 barrels per day (bpd). The Logistics Segment gathers transports and stores crude oil and markets distributes transports and stores refined products in select regions of the southeastern United States and west Texas for both its refining segment and third parties. The Companys Retail Segment markets gasoline diesel other refined petroleum products and convenience merchandise.