Aquatic Capital Management LLC Invests $4.94 Million in Delek US Holdings, Inc. $DK

Aquatic Capital Management LLC purchased a new position in shares of Delek US Holdings, Inc. (NYSE:DK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 153,073 shares of the oil and gas company’s stock, valued at approximately $4,940,000. Aquatic Capital Management LLC owned about 0.25% of Delek US at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Orion Porfolio Solutions LLC raised its stake in shares of Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 507 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Delek US by 0.9% during the third quarter. Alliancebernstein L.P. now owns 66,005 shares of the oil and gas company’s stock worth $2,130,000 after acquiring an additional 573 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in shares of Delek US by 5.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company’s stock worth $287,000 after acquiring an additional 686 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Delek US during the third quarter valued at $27,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Delek US by 8.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company’s stock valued at $250,000 after acquiring an additional 955 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Delek US news, Director Shlomo Zohar sold 22,029 shares of Delek US stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $44.83, for a total value of $987,560.07. Following the sale, the director owned 18,989 shares of the company’s stock, valued at $851,276.87. This trade represents a 53.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph Israel sold 38,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $40.65, for a total value of $1,544,700.00. Following the completion of the sale, the executive vice president owned 55,623 shares in the company, valued at approximately $2,261,074.95. This trade represents a 40.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 147,764 shares of company stock worth $6,196,667. 1.80% of the stock is currently owned by insiders.

Delek US Price Performance

Shares of DK opened at $41.21 on Tuesday. The stock has a 50 day simple moving average of $33.75 and a 200 day simple moving average of $34.11. Delek US Holdings, Inc. has a 52-week low of $11.02 and a 52-week high of $45.74. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82. The firm has a market capitalization of $2.46 billion, a PE ratio of -117.75 and a beta of 0.75.

Delek US (NYSE:DK) last announced its earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the company posted ($2.54) EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, March 2nd. Delek US’s dividend payout ratio is -291.43%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DK. TD Cowen lifted their price objective on Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, March 5th. UBS Group upped their target price on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Wall Street Zen raised shares of Delek US from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. JPMorgan Chase & Co. lowered their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Finally, Mizuho boosted their price target on shares of Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.46.

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.