Simplex Trading buys $1,207,956 stake in Delek US Holdings (DK)

Delek US Holdings (DK) : Simplex Trading scooped up 49,131 additional shares in Delek US Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 69,663 shares of Delek US Holdings which is valued at $1,207,956.Delek US Holdings makes up approximately 0.16% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in DK by selling 39,536 shares or 86.34% in the most recent quarter. The Hedge Fund company now holds 6,253 shares of DK which is valued at $111,929.

Delek US Holdings closed down -0.5 points or -2.80% at $17.34 with 7,38,172 shares getting traded on Friday. Post opening the session at $17.79, the shares hit an intraday low of $17.2602 and an intraday high of $17.89 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Delek US Holdings was Downgraded by Wells Fargo to ” Market Perform” on Sep 21, 2016. Delek US Holdings was Initiated by Citigroup to “Buy” on Sep 14, 2016. 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 .

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 Company’s 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 Company’s Retail Segment markets gasoline diesel other refined petroleum products and convenience merchandise.

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