Rangeley Capital LLC Sells 42,000 Shares of Delek US Holdings, Inc. $DK

Rangeley Capital LLC trimmed its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 41.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,000 shares of the oil and gas company’s stock after selling 42,000 shares during the quarter. Delek US comprises about 2.5% of Rangeley Capital LLC’s investment portfolio, making the stock its 7th largest holding. Rangeley Capital LLC’s holdings in Delek US were worth $2,704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Delek US during the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 614 shares during the last quarter. Torren Management LLC bought a new position in Delek US in the 4th quarter valued at approximately $40,000. Finally, Focus Partners Wealth bought a new position in shares of Delek US in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Vicky Sutil sold 3,061 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $46.00, for a total value of $140,806.00. Following the completion of the transaction, the director directly owned 31,239 shares of the company’s stock, valued at approximately $1,436,994. This trade represents a 8.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laurie Z. Tolson sold 4,921 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $46.30, for a total value of $227,842.30. Following the completion of the transaction, the director directly owned 18,226 shares of the company’s stock, valued at $843,863.80. The trade was a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,270 shares of company stock worth $1,828,718 in the last 90 days. 3.56% of the stock is currently owned by company insiders.

Delek US Trading Down 0.1%

NYSE DK opened at $63.16 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. Delek US Holdings, Inc. has a 52 week low of $19.81 and a 52 week high of $68.93. The business has a 50 day moving average price of $50.31 and a 200-day moving average price of $42.45. The company has a market cap of $3.87 billion, a price-to-earnings ratio of -69.41, a P/E/G ratio of 1.67 and a beta of 0.58.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the business earned ($2.32) EPS. Delek US’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities analysts expect that Delek US Holdings, Inc. will post 8.3 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is currently -112.09%.

Analyst Ratings Changes

Several research firms have recently issued reports on DK. Wells Fargo & Company upped their price objective on Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Raymond James Financial boosted their price objective on shares of Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. UBS Group increased their target price on shares of Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Finally, TD Cowen increased their price target on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.92.

Delek US Company 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.