Delek US Holdings, Inc. $DK Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 13.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,383,299 shares of the oil and gas company’s stock after selling 219,212 shares during the period. Fisher Asset Management LLC owned 2.30% of Delek US worth $29,298,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Delek US by 100.9% during the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock worth $35,000 after buying an additional 1,164 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Delek US during the first quarter worth $191,000. TD Asset Management Inc purchased a new stake in Delek US in the first quarter valued at $230,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Delek US by 16.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,306 shares of the oil and gas company’s stock valued at $306,000 after purchasing an additional 2,918 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of Delek US by 223.6% in the 1st quarter. XTX Topco Ltd now owns 45,694 shares of the oil and gas company’s stock valued at $689,000 after purchasing an additional 31,572 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DK shares. JPMorgan Chase & Co. boosted their price objective on shares of Delek US from $19.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. 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 note on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, October 8th. Piper Sandler lifted their target price on shares of Delek US from $39.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Finally, UBS Group upped their price target on Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.08.

Delek US Stock Performance

NYSE:DK opened at $38.79 on Wednesday. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $43.50. The company has a fifty day simple moving average of $36.65 and a two-hundred day simple moving average of $28.26. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 7.12. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -4.75 and a beta of 0.82.

Delek US (NYSE:DK) last released its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The firm had revenue of $2.96 billion during the quarter. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 10th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.6%. Delek US’s payout ratio is currently -12.50%.

Insider Buying and Selling

In other news, EVP Joseph Israel sold 4,380 shares of Delek US stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $40.94, for a total transaction of $179,317.20. Following the completion of the sale, the executive vice president directly owned 55,761 shares of the company’s stock, valued at approximately $2,282,855.34. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Reuven Spiegel sold 27,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $41.36, for a total transaction of $1,116,720.00. Following the transaction, the executive vice president owned 23,020 shares of the company’s stock, valued at approximately $952,107.20. The trade was a 53.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 59,354 shares of company stock worth $2,446,658. Company insiders own 1.90% of the company’s stock.

Delek US Company 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.