Marshall Wace LLP Decreases Position in Delek US Holdings, Inc. (NYSE:DK)

Marshall Wace LLP lessened its holdings in Delek US Holdings, Inc. (NYSE:DK) by 76.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,500 shares of the oil and gas company’s stock after selling 26,975 shares during the quarter. Marshall Wace LLP’s holdings in Delek US were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DK. Allspring Global Investments Holdings LLC purchased a new position in Delek US in the 1st quarter worth $172,000. Bailard Inc. purchased a new position in Delek US in the 2nd quarter worth $201,000. Chesapeake Capital Corp IL purchased a new position in Delek US in the 2nd quarter worth $223,000. Capstone Investment Advisors LLC purchased a new position in Delek US in the 1st quarter worth $265,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in Delek US in the 1st quarter worth $270,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DK. StockNews.com cut shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. TD Cowen decreased their price objective on shares of Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Piper Sandler decreased their price objective on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Wolfe Research began coverage on shares of Delek US in a research report on Thursday, July 18th. They issued an “underperform” rating and a $19.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Five equities 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, the company has a consensus rating of “Hold” and an average price target of $23.55.

Delek US Trading Up 2.1 %

NYSE:DK opened at $19.50 on Friday. Delek US Holdings, Inc. has a one year low of $18.25 and a one year high of $33.60. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58. The company’s 50-day simple moving average is $19.99 and its 200 day simple moving average is $24.20. The firm has a market capitalization of $1.25 billion, a P/E ratio of -15.73 and a beta of 1.13.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $0.50. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The business’s revenue was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. As a group, analysts forecast that Delek US Holdings, Inc. will post -3.79 EPS for the current fiscal year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 5.23%. The ex-dividend date was Monday, August 12th. This is an increase from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio is currently -82.26%.

Insider Transactions at Delek US

In related news, CEO Avigal Soreq acquired 5,651 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the completion of the transaction, the chief executive officer now directly owns 188,881 shares in the company, valued at approximately $3,856,950.02. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Delek US 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.