Mutual Advisors LLC Has $741,000 Position in Delek US Holdings, Inc. $DK

Mutual Advisors LLC decreased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 39.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DK. Vanguard Group Inc. raised its position in shares of Delek US by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after purchasing an additional 38,577 shares during the period. Ion Asset Management Ltd. grew its stake in Delek US by 1.8% in the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock valued at $79,296,000 after buying an additional 67,490 shares during the last quarter. Barclays PLC raised its holdings in Delek US by 29.4% in the 3rd quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after acquiring an additional 425,896 shares during the period. Allianz Asset Management GmbH lifted its position in Delek US by 40.2% during the third quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after acquiring an additional 423,017 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 worth $42,153,000 after acquiring an additional 1,285,861 shares during the period. 97.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Joseph Israel sold 38,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $40.65, for a total value of $1,544,700.00. Following the completion of the transaction, the executive vice president directly owned 55,623 shares in the company, valued at approximately $2,261,074.95. This represents a 40.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Denise Clark Mcwatters sold 11,988 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $41.33, for a total value of $495,464.04. Following the sale, the executive vice president directly owned 74,196 shares in the company, valued at approximately $3,066,520.68. This trade represents a 13.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 172,095 shares of company stock worth $7,257,409 over the last 90 days. Insiders own 3.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DK. TD Cowen lowered their target price on Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Morgan Stanley set a $41.00 target price on Delek US in a report on Monday. Mizuho boosted their target price on shares of Delek US from $51.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.23.

Delek US Stock Performance

NYSE:DK opened at $49.05 on Wednesday. Delek US Holdings, Inc. has a twelve month low of $13.29 and a twelve month high of $49.50. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. The stock’s 50-day simple moving average is $42.00 and its 200 day simple moving average is $36.83. The firm has a market capitalization of $3.01 billion, a PE ratio of -53.91, a price-to-earnings-growth ratio of 0.43 and a beta of 0.63.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, topping 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 firm earned ($2.32) earnings per share. The business’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts anticipate that Delek US Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Delek US Dividend Announcement

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