Delek US Holdings, Inc. $DK Shares Sold by UBS Group AG

UBS Group AG trimmed its holdings in Delek US Holdings, Inc. (NYSE:DK) by 23.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 397,143 shares of the oil and gas company’s stock after selling 124,954 shares during the quarter. UBS Group AG’s holdings in Delek US were worth $11,779,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DK. Arrowstreet Capital Limited Partnership grew its holdings in shares of Delek US by 6,300.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after purchasing an additional 1,285,861 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Delek US in the third quarter valued at about $23,308,000. BNP Paribas Financial Markets grew its holdings in shares of Delek US by 345.5% in the third quarter. BNP Paribas Financial Markets now owns 613,085 shares of the oil and gas company’s stock valued at $19,784,000 after purchasing an additional 475,481 shares during the period. Barclays PLC grew its holdings in shares of Delek US by 29.4% in the third quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after purchasing an additional 425,896 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of Delek US by 40.2% in the third quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock valued at $47,569,000 after purchasing an additional 423,017 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DK. Wall Street Zen lowered shares of Delek US from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Wells Fargo & Company upped their price objective on shares of Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Citigroup upped their price objective on shares of Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, April 13th. UBS Group upped their price objective on shares of Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Finally, TD Cowen lowered their target price on shares of Delek US from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.23.

Insider Transactions at Delek US

In related news, Director William J. Finnerty sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $45.50, for a total value of $227,500.00. Following the sale, the director owned 41,369 shares of the company’s stock, valued at $1,882,289.50. This trade represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Denise Clark Mcwatters sold 11,988 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $41.33, for a total transaction of $495,464.04. Following the completion of 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 182,815 shares of company stock valued at $7,762,000 over the last quarter. Insiders own 3.56% of the company’s stock.

Delek US Trading Up 2.5%

Shares of DK stock opened at $44.79 on Friday. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The firm has a market cap of $2.75 billion, a PE ratio of -49.22, a price-to-earnings-growth ratio of 0.37 and a beta of 0.63. The company has a 50-day moving average of $43.21 and a two-hundred day moving average of $37.39. Delek US Holdings, Inc. has a 1-year low of $17.56 and a 1-year high of $49.50.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $1.50. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.32) earnings per share. On average, analysts predict that Delek US Holdings, Inc. will post 3.99 EPS for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were issued a $0.255 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 annualized dividend and a yield of 2.3%. Delek US’s dividend payout ratio (DPR) is -112.09%.

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.