Systematic Financial Management LP Has $27.54 Million Position in Delek US Holdings, Inc. $DK

Systematic Financial Management LP lessened its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 2.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 611,000 shares of the oil and gas company’s stock after selling 17,274 shares during the period. Systematic Financial Management LP’s holdings in Delek US were worth $27,538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in shares of Delek US in the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Delek US by 95.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 432 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Delek US by 173.4% during the 4th 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 acquired a new stake in Delek US in the 4th quarter valued at about $40,000. Finally, Focus Partners Wealth acquired a new stake in Delek US in the 3rd quarter valued at about $44,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Vicky Sutil sold 1,871 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $48.00, for a total transaction of $89,808.00. Following the sale, the director owned 29,368 shares of the company’s stock, valued at approximately $1,409,664. This trade represents a 5.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Laurie Z. Tolson sold 4,921 shares of Delek US stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $46.30, for a total value of $227,842.30. Following the transaction, the director owned 18,226 shares in the company, valued at approximately $843,863.80. This represents a 21.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 39,270 shares of company stock valued at $1,828,718. 3.56% of the stock is owned by company insiders.

Delek US Stock Down 2.2%

Shares of Delek US stock opened at $64.74 on Friday. The business has a fifty day simple moving average of $49.94 and a 200 day simple moving average of $42.22. The stock has a market cap of $3.97 billion, a PE ratio of -71.14, a price-to-earnings-growth ratio of 0.35 and a beta of 0.58. 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 12 month low of $19.81 and a 12 month high of $68.93.

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. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The company’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business earned ($2.32) earnings per share. Research analysts predict that Delek US Holdings, Inc. will post 6.39 EPS for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 3rd. Delek US’s dividend payout ratio is presently -112.09%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DK shares. The Goldman Sachs Group boosted their price objective on shares of Delek US from $58.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. TD Cowen lifted their price objective on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday. Mizuho boosted their price objective on Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley raised their target price on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Delek US presently has an average rating of “Hold” and a consensus target price of $51.92.

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.