Mutual Advisors LLC Sells 16,544 Shares of Delek US Holdings, Inc. $DK

Mutual Advisors LLC lowered its position in Delek US Holdings, Inc. (NYSE:DK) by 39.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,999 shares of the oil and gas company’s stock after selling 16,544 shares during the quarter. Mutual Advisors LLC’s holdings in Delek US were worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its stake in shares of Delek US by 6,300.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after acquiring an additional 1,285,861 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Delek US in the third quarter valued at $23,308,000. BNP Paribas Financial Markets raised its position in Delek US by 345.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 613,085 shares of the oil and gas company’s stock worth $19,784,000 after purchasing an additional 475,481 shares during the last quarter. Barclays PLC lifted its holdings in Delek US by 29.4% during the 3rd quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock worth $60,460,000 after buying an additional 425,896 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Delek US by 40.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after buying an additional 423,017 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley set a $41.00 price target on Delek US in a research note on Monday. UBS Group upped their target price on Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Scotiabank upgraded shares of Delek US to a “hold” rating in a report on Friday, March 27th. Raymond James Financial boosted their price target on shares of Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.23.

Insider Transactions at Delek US

In other news, CEO Avigal Soreq sold 50,000 shares of Delek US stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $41.08, for a total transaction of $2,054,000.00. Following the completion of the transaction, the chief executive officer directly owned 251,678 shares in the company, valued at $10,338,932.24. This trade represents a 16.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Denise Clark Mcwatters sold 11,988 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $41.33, for a total transaction of $495,464.04. Following the sale, the executive vice president directly owned 74,196 shares of the company’s stock, valued at approximately $3,066,520.68. The trade was a 13.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 172,095 shares of company stock valued at $7,257,409. Corporate insiders own 3.56% of the company’s stock.

Delek US Stock Up 2.1%

Shares of NYSE:DK opened at $49.05 on Wednesday. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. Delek US Holdings, Inc. has a 52-week low of $13.29 and a 52-week high of $49.50. The business’s 50 day simple moving average is $42.00 and its two-hundred day simple moving average is $36.83. The firm has a market cap of $3.01 billion, a P/E ratio of -53.91, a PEG ratio of 0.43 and a beta of 0.63.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, beating the consensus estimate of ($1.42) by $1.50. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company posted ($2.32) earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, research analysts forecast that Delek US Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, May 1st will be issued a dividend of $0.255 per share. The ex-dividend date is Friday, May 1st. This represents a $1.02 annualized dividend and a yield of 2.1%. Delek US’s dividend payout ratio is presently -112.09%.

Delek US Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.