Clifford Capital Partners LLC Has $19.58 Million Holdings in Delek US Holdings, Inc. $DK

Clifford Capital Partners LLC lessened its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 24.8% in the third quarter, HoldingsChannel reports. The fund owned 606,659 shares of the oil and gas company’s stock after selling 200,590 shares during the period. Delek US accounts for approximately 3.4% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 16th largest holding. Clifford Capital Partners LLC’s holdings in Delek US were worth $19,577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its holdings in Delek US by 2.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after purchasing an additional 507 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Delek US by 0.9% in the 3rd quarter. Alliancebernstein L.P. now owns 66,005 shares of the oil and gas company’s stock valued at $2,130,000 after purchasing an additional 573 shares during the period. Police & Firemen s Retirement System of New Jersey grew its holdings in Delek US by 5.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company’s stock valued at $287,000 after buying an additional 686 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Delek US in the 3rd quarter valued at $27,000. Finally, CANADA LIFE ASSURANCE Co increased its position in Delek US by 8.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company’s stock worth $250,000 after buying an additional 955 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DK. Mizuho lifted their target price on Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. JPMorgan Chase & Co. lowered their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. UBS Group lifted their price objective on shares of Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Citigroup cut their price objective on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, January 26th. Finally, Morgan Stanley decreased their target price on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Delek US currently has a consensus rating of “Hold” and an average price target of $39.46.

Insiders Place Their Bets

In other Delek US news, EVP Reuven Spiegel sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $42.84, for a total value of $856,800.00. Following the completion of the transaction, the executive vice president directly owned 48,530 shares in the company, valued at approximately $2,079,025.20. This represents a 29.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Shlomo Zohar sold 22,029 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $44.83, for a total transaction of $987,560.07. Following the transaction, the director directly owned 18,989 shares of the company’s stock, valued at $851,276.87. The trade was a 53.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 147,764 shares of company stock worth $6,196,667 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Delek US Trading Down 0.6%

Shares of DK stock opened at $41.70 on Friday. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $45.74. The stock’s fifty day simple moving average is $33.53 and its 200 day simple moving average is $33.96. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. The firm has a market capitalization of $2.49 billion, a P/E ratio of -119.13, a P/E/G ratio of 18.38 and a beta of 0.75.

Delek US (NYSE:DK) last posted its earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, beating the consensus estimate of ($0.19) by $0.63. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the company earned ($2.54) earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, March 2nd. Delek US’s dividend payout ratio (DPR) is -291.43%.

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.