AlphaCrest Capital Management LLC Decreases Stake in Delek US Holdings, Inc. (NYSE:DK)

AlphaCrest Capital Management LLC reduced its position in Delek US Holdings, Inc. (NYSE:DKGet Rating) by 62.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 33,798 shares of the oil and gas company’s stock after selling 57,324 shares during the period. AlphaCrest Capital Management LLC’s holdings in Delek US were worth $717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. boosted its position in Delek US by 44.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 486 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of Delek US in the 4th quarter valued at about $52,000. Aaron Wealth Advisors LLC acquired a new stake in shares of Delek US in the 1st quarter valued at about $324,000. ProShare Advisors LLC acquired a new stake in shares of Delek US in the 4th quarter valued at about $215,000. Finally, Mutual Advisors LLC acquired a new stake in shares of Delek US in the 4th quarter valued at about $225,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

Delek US Price Performance

NYSE DK opened at $27.82 on Tuesday. Delek US Holdings, Inc. has a 52 week low of $14.07 and a 52 week high of $35.23. The company has a current ratio of 1.08, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51. The company has a 50-day moving average price of $26.07 and a two-hundred day moving average price of $24.76.

Delek US (NYSE:DKGet Rating) last posted its earnings results on Thursday, August 4th. The oil and gas company reported $4.40 EPS for the quarter, topping the consensus estimate of $2.47 by $1.93. Delek US had a net margin of 2.09% and a return on equity of 30.44%. The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the firm earned ($0.88) EPS. Delek US’s quarterly revenue was up 173.0% on a year-over-year basis. Analysts forecast that Delek US Holdings, Inc. will post 9.39 EPS for the current year.

Delek US Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, August 19th. Delek US’s dividend payout ratio (DPR) is presently 16.63%.

Wall Street Analyst Weigh In

DK has been the topic of a number of recent analyst reports. Raymond James upped their target price on shares of Delek US from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. Piper Sandler upped their target price on shares of Delek US from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, June 9th. Morgan Stanley increased their price objective on shares of Delek US from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Friday, July 15th. Credit Suisse Group increased their price objective on shares of Delek US to $32.00 in a research note on Thursday, June 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Delek US from $24.00 to $29.00 in a research note on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.40.

Delek US Company Profile

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Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.

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Institutional Ownership by Quarter for Delek US (NYSE:DK)

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