Caxton Associates LLP Purchases 27,288 Shares of Delek US Holdings, Inc. $DK

Caxton Associates LLP boosted its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 240.4% in the first quarter, HoldingsChannel reports. The fund owned 38,638 shares of the oil and gas company’s stock after purchasing an additional 27,288 shares during the quarter. Caxton Associates LLP’s holdings in Delek US were worth $1,741,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in Delek US by 85.4% in the first quarter. Sei Investments Co. now owns 102,365 shares of the oil and gas company’s stock worth $4,614,000 after purchasing an additional 47,159 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Delek US by 60.1% during the 1st quarter. Hillsdale Investment Management Inc. now owns 215,390 shares of the oil and gas company’s stock valued at $9,708,000 after purchasing an additional 80,850 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Delek US by 1,131.9% in the 1st quarter. Fifth Third Bancorp now owns 83,459 shares of the oil and gas company’s stock worth $3,762,000 after purchasing an additional 76,684 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Delek US in the 1st quarter worth $299,000. Finally, Meitav Investment House Ltd. acquired a new stake in shares of Delek US in the 1st quarter worth $2,130,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on DK shares. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 18th. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. The Goldman Sachs Group boosted their price target on Delek US from $58.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.92.

Delek US Price Performance

NYSE DK opened at $63.16 on Friday. The company has a market cap of $3.87 billion, a price-to-earnings ratio of -69.41, a PEG ratio of 1.67 and a beta of 0.58. 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 stock’s fifty day moving average price is $50.31 and its 200 day moving average price is $42.37. Delek US Holdings, Inc. has a 1 year low of $19.81 and a 1 year high of $68.93.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the firm posted ($2.32) EPS. The firm’s revenue was up .4% compared to the same quarter last year. As a group, equities research analysts forecast that Delek US Holdings, Inc. will post 8.3 earnings per share for the current year.

Delek US Announces Dividend

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

Insider Transactions at Delek US

In related news, EVP Robert G. Wright sold 10,720 shares of Delek US stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $47.07, for a total transaction of $504,590.40. Following the completion of the sale, the executive vice president owned 48,148 shares of the company’s stock, valued at $2,266,326.36. The trade was a 18.21% 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, Director Vicky Sutil sold 3,061 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $46.00, for a total value of $140,806.00. Following the completion of the sale, the director owned 31,239 shares in the company, valued at approximately $1,436,994. This represents a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 39,270 shares of company stock valued at $1,828,718. 3.56% of the stock is owned by company insiders.

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.