Point72 Asia Singapore Pte. Ltd. Has $64,000 Position in Delek US Holdings, Inc. (NYSE:DK)

Point72 Asia Singapore Pte. Ltd. cut its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 79.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,598 shares of the oil and gas company’s stock after selling 9,920 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Delek US were worth $64,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DK. Point72 Asset Management L.P. bought a new stake in Delek US in the 2nd quarter valued at $19,806,000. Cubist Systematic Strategies LLC increased its holdings in shares of Delek US by 99.7% in the second quarter. Cubist Systematic Strategies LLC now owns 378,744 shares of the oil and gas company’s stock valued at $9,378,000 after purchasing an additional 189,091 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Delek US in the second quarter valued at about $2,706,000. Canada Pension Plan Investment Board acquired a new stake in shares of Delek US during the 2nd quarter worth about $1,941,000. Finally, Seven Eight Capital LP boosted its holdings in shares of Delek US by 304.9% during the 2nd quarter. Seven Eight Capital LP now owns 40,777 shares of the oil and gas company’s stock worth $1,010,000 after buying an additional 30,707 shares during the period. 97.01% of the stock is owned by institutional investors.

Insider Activity at Delek US

In related news, CEO Avigal Soreq purchased 5,651 shares of Delek US stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $20.42 per share, for a total transaction of $115,393.42. Following the completion of the acquisition, the chief executive officer now owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by corporate insiders.

Delek US Price Performance

Delek US stock opened at $18.89 on Monday. The stock has a 50-day moving average price of $20.66 and a two-hundred day moving average price of $24.90. The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 2.50. Delek US Holdings, Inc. has a 12 month low of $18.35 and a 12 month high of $33.60. The company has a market capitalization of $1.21 billion, a PE ratio of -15.23 and a beta of 1.14.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, topping the consensus estimate of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the business earned $1.00 EPS. The business’s quarterly revenue was down 18.4% compared to the same quarter last year. Analysts expect that Delek US Holdings, Inc. will post -3.19 EPS for the current year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were issued a $0.255 dividend. This is a positive change from Delek US’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.02 annualized dividend and a yield of 5.40%. Delek US’s payout ratio is presently -82.26%.

Wall Street Analyst Weigh In

DK has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, September 16th. StockNews.com downgraded Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. JPMorgan Chase & Co. upgraded shares of Delek US from an “underweight” rating to a “neutral” rating and upped their price target for the company from $23.00 to $26.00 in a research note on Tuesday, September 10th. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and lowered their price objective for the stock from $28.00 to $26.00 in a research note on Monday, September 16th. Finally, Scotiabank decreased their target price on shares of Delek US from $27.00 to $25.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.73.

About Delek US

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.