Farther Finance Advisors LLC Sells 1,177 Shares of Delek US Holdings, Inc. $DK

Farther Finance Advisors LLC trimmed its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,941 shares of the oil and gas company’s stock after selling 1,177 shares during the quarter. Farther Finance Advisors LLC’s holdings in Delek US were worth $126,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DK. GAMMA Investing LLC lifted its stake in Delek US by 907.0% in the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 3,746 shares in the last quarter. Rhumbline Advisers raised its position in Delek US by 3.4% during the first quarter. Rhumbline Advisers now owns 121,201 shares of the oil and gas company’s stock worth $1,826,000 after acquiring an additional 4,031 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Delek US by 15.1% during the first quarter. Wedge Capital Management L L P NC now owns 36,666 shares of the oil and gas company’s stock worth $553,000 after acquiring an additional 4,810 shares in the last quarter. Net Worth Advisory Group bought a new stake in Delek US during the first quarter worth $159,000. Finally, Manning & Napier Advisors LLC bought a new stake in Delek US during the first quarter worth $4,144,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DK shares. Piper Sandler upped their price target on shares of Delek US from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Citigroup reaffirmed a “neutral” rating and set a $30.00 price target (up from $15.00) on shares of Delek US in a research report on Wednesday, July 16th. Raymond James Financial upped their price target on shares of Delek US from $26.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 9th. Cowen raised shares of Delek US from a “sell” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Wolfe Research raised shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.69.

Delek US Trading Down 0.1%

DK stock opened at $32.27 on Friday. The company has a market capitalization of $1.94 billion, a PE ratio of -2.63 and a beta of 1.01. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $34.50. The company’s 50-day simple moving average is $27.13 and its 200 day simple moving average is $21.28.

Delek US (NYSE:DK) last released its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) EPS for the quarter, beating the consensus estimate of ($0.92) by $0.36. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.92) EPS. As a group, sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 11th were given a $0.255 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.02 annualized dividend and a dividend yield of 3.2%. Delek US’s payout ratio is presently -8.30%.

Insider Activity at Delek US

In other news, CFO Robert G. Wright sold 7,135 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the transaction, the chief financial officer directly owned 48,294 shares in the company, valued at approximately $1,412,116.56. The trade was a 12.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Delek US Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. 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.