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 May 13, 2016. The investment management firm now holds a total of 1,394,687 shares of Delek US Holdings which is valued at $19.5 Million.Delek US Holdings makes up approximately 9.95% of Ion Asset Management Ltd.’s portfolio.
Other Hedge Funds, Including , Loomis Sayles Co L P boosted its stake in DK in the latest quarter, The investment management firm added 482,009 additional shares and now holds a total of 482,256 shares of Delek US Holdings which is valued at $6.8 Million. Delek US Holdings makes up approx 0.02% of Loomis Sayles Co L P’s portfolio.Group One Trading reduced its stake in DK by selling 3,600 shares or 75.0% in the most recent quarter. The Hedge Fund company now holds 1,200 shares of DK which is valued at $16,812.Teacher Retirement System Of Texas boosted its stake in DK in the latest quarter, The investment management firm added 1,517 additional shares and now holds a total of 6,495 shares of Delek US Holdings which is valued at $90,995.Blackrock Fund Advisors reduced its stake in DK by selling 58,772 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 1,442,270 shares of DK which is valued at $20.2 Million.Tiaa Cref Investment Management reduced its stake in DK by selling 10,670 shares or 3.98% in the most recent quarter. The Hedge Fund company now holds 257,298 shares of DK which is valued at $3.9 Million.
Delek US Holdings opened for trading at $13.3 and hit $13.335 on the upside on Wednesday, eventually ending the session at $13.21, with a gain of 0.30% or 0.04 points. The heightened volatility saw the trading volume jump to 10,99,306 shares. Company has a market cap of $816 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 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.