Squarepoint Ops LLC Lowers Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Squarepoint Ops LLC trimmed its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 24.7% in the second quarter, HoldingsChannel.com reports. The fund owned 183,482 shares of the oil and gas company’s stock after selling 60,264 shares during the period. Squarepoint Ops LLC’s holdings in Delek US were worth $4,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. SIR Capital Management L.P. raised its position in Delek US by 37.2% in the 2nd quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock valued at $21,693,000 after purchasing an additional 237,734 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Delek US during the 2nd quarter worth about $19,806,000. Bridgeway Capital Management LLC raised its position in shares of Delek US by 3.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 777,576 shares of the oil and gas company’s stock worth $20,061,000 after acquiring an additional 23,509 shares in the last quarter. Norges Bank acquired a new stake in shares of Delek US during the 4th quarter worth about $16,341,000. Finally, Easterly Investment Partners LLC raised its position in shares of Delek US by 26.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock worth $11,329,000 after acquiring an additional 96,531 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Trading Down 0.8 %

DK opened at $18.74 on Tuesday. The business’s 50 day moving average is $20.60 and its two-hundred day moving average is $24.84. Delek US Holdings, Inc. has a 52 week low of $18.35 and a 52 week high of $33.60. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -15.11 and a beta of 1.14. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, beating 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 company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the business posted $1.00 EPS. The company’s revenue was down 18.4% on a year-over-year basis. On average, research analysts predict that Delek US Holdings, Inc. will post -3.19 EPS for the current year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a $0.255 dividend. This is an increase from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Monday, August 12th. Delek US’s dividend payout ratio (DPR) is -82.26%.

Insider Buying and Selling at Delek US

In related news, CEO Avigal Soreq bought 5,651 shares of the stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $20.42 per share, for a total transaction of $115,393.42. Following the purchase, the chief executive officer now owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DK shares. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $28.00 to $26.00 in a research report on Monday, September 16th. Scotiabank cut their target price on Delek US from $27.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Morgan Stanley cut their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company raised their target price on Delek US from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 3rd. Finally, Wolfe Research started coverage on Delek US in a research report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price target on the stock. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.