SG Americas Securities LLC Sells 30,236 Shares of Delek US Holdings, Inc. $DK

SG Americas Securities LLC trimmed its holdings in Delek US Holdings, Inc. (NYSE:DK) by 38.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,056 shares of the oil and gas company’s stock after selling 30,236 shares during the period. SG Americas Securities LLC owned 0.08% of Delek US worth $1,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada raised its stake in Delek US by 18.4% in the 1st quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock valued at $4,201,000 after acquiring an additional 43,379 shares during the period. AQR Capital Management LLC bought a new position in Delek US during the first quarter worth $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Delek US by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Delek US by 3,979.8% in the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 19,899 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Delek US by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock valued at $2,213,000 after purchasing an additional 9,827 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Delek US Price Performance

NYSE:DK opened at $45.26 on Tuesday. Delek US Holdings, Inc. has a 52 week low of $11.07 and a 52 week high of $48.32. 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’s 50-day simple moving average is $38.58 and its 200 day simple moving average is $35.66. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -129.32, a P/E/G ratio of 1.39 and a beta of 0.68.

Delek US (NYSE:DK) last posted its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm posted ($2.54) EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.3%. Delek US’s dividend payout ratio is currently -291.43%.

Insider Activity

In other news, EVP Reuven Spiegel sold 20,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.84, for a total transaction of $856,800.00. Following the sale, the executive vice president directly owned 48,530 shares of the company’s stock, valued at approximately $2,079,025.20. This represents a 29.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Shlomo Zohar sold 22,029 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $44.83, for a total value of $987,560.07. Following the completion of the transaction, the director owned 18,989 shares in the company, valued at $851,276.87. The trade was a 53.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 172,095 shares of company stock worth $7,257,409. 3.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on DK. JPMorgan Chase & Co. cut their target price on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Piper Sandler lowered their price target on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Mizuho raised their price objective on shares of Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Raymond James Financial boosted their price objective on Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. Finally, Wells Fargo & Company upped their target price on Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Delek US has an average rating of “Hold” and a consensus target price of $41.46.

Delek US 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.