Green Owl Capital Management buys $3.4 Million stake in Delek US Holdings (DK)

Delek US Holdings (DK) : Green Owl Capital Management scooped up 182,652 additional shares in Delek US Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 242,652 shares of Delek US Holdings which is valued at $3.4 Million.Delek US Holdings makes up approximately 7.98% of Green Owl Capital Management’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in DK in the latest quarter, The investment management firm added 11,300 additional shares and now holds a total of 15,400 shares of Delek US Holdings which is valued at $215,754.Blackrock Investment Management boosted its stake in DK in the latest quarter, The investment management firm added 7,752 additional shares and now holds a total of 209,289 shares of Delek US Holdings which is valued at $2.9 Million.California Public Employees Retirement System boosted its stake in DK in the latest quarter, The investment management firm added 4,200 additional shares and now holds a total of 383,500 shares of Delek US Holdings which is valued at $5.8 Million. Delek US Holdings makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Hgk Asset Management Inc boosted its stake in DK in the latest quarter, The investment management firm added 23,110 additional shares and now holds a total of 32,192 shares of Delek US Holdings which is valued at $511,531. Delek US Holdings makes up approx 0.05% of Hgk Asset Management Inc’s portfolio. First Midwest Bank Trust Division sold out all of its stake in DK during the most recent quarter. The investment firm sold 9,579 shares of DK which is valued $152,210.

Delek US Holdings opened for trading at $13.2 and hit $13.54 on the upside on Friday, eventually ending the session at $13.49, with a gain of 2.20% or 0.29 points. The heightened volatility saw the trading volume jump to 9,97,381 shares. Company has a market cap of $834 M.

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 Macquarie to ” Neutral” on Mar 1, 2016. Shares were Reiterated by Cowen on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 30 from a previous price target of $47 .

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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