Lighthouse Investment Partners LLC Sells 24,000 Shares of Delek US Holdings, Inc. $DK

Lighthouse Investment Partners LLC cut its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 13.7% during the third quarter, HoldingsChannel.com reports. The firm owned 151,000 shares of the oil and gas company’s stock after selling 24,000 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Delek US were worth $4,873,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Brown Brothers Harriman & Co. acquired a new stake in shares of Delek US during the 3rd quarter worth approximately $27,000. Focus Partners Wealth bought a new stake in shares of Delek US during the third quarter worth approximately $44,000. Aster Capital Management DIFC Ltd acquired a new position in Delek US in the third quarter valued at approximately $59,000. Savant Capital LLC bought a new position in Delek US in the third quarter valued at approximately $206,000. Finally, Victory Capital Management Inc. bought a new position in Delek US in the third quarter valued at approximately $216,000. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on DK shares. UBS Group upped their target price on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. TD Cowen lifted their price objective on Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, March 5th. Scotiabank set a $34.00 price objective on Delek US in a report on Friday, January 16th. Finally, Morgan Stanley cut their target price on Delek US from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.46.

Insider Buying and Selling

In other news, Director Shlomo Zohar sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $41.47, for a total transaction of $207,350.00. Following the sale, the director owned 13,989 shares of the company’s stock, valued at $580,123.83. This trade represents a 26.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Reuven Spiegel sold 20,000 shares of Delek US stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.84, for a total value of $856,800.00. Following the transaction, the executive vice president owned 48,530 shares in the company, valued at $2,079,025.20. This trade represents a 29.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 147,764 shares of company stock valued at $6,196,667. 1.80% of the stock is owned by company insiders.

Delek US Trading Down 1.2%

DK opened at $41.21 on Tuesday. The firm’s fifty day moving average is $33.75 and its two-hundred day moving average is $34.11. The firm has a market cap of $2.46 billion, a PE ratio of -117.75 and a beta of 0.75. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $45.74. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82.

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

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, March 2nd. Delek US’s payout ratio is presently -291.43%.

About Delek US

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.