Lighthouse Investment Partners LLC Has $4.87 Million Stock Holdings in Delek US Holdings, Inc. $DK

Lighthouse Investment Partners LLC decreased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,000 shares of the oil and gas company’s stock after selling 24,000 shares during the period. Lighthouse Investment Partners LLC owned about 0.25% of Delek US worth $4,873,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DK. Ion Asset Management Ltd. raised its holdings in shares of Delek US by 1.8% in the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock worth $79,296,000 after buying an additional 67,490 shares in the last quarter. Barclays PLC boosted its stake in Delek US by 29.4% in the 3rd quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after buying an additional 425,896 shares in the last quarter. Allianz Asset Management GmbH grew its position in Delek US by 40.2% in the third quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock valued at $47,569,000 after acquiring an additional 423,017 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Delek US by 6,300.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after acquiring an additional 1,285,861 shares during the period. Finally, Systematic Financial Management LP raised its stake in Delek US by 0.3% during the second quarter. Systematic Financial Management LP now owns 914,458 shares of the oil and gas company’s stock worth $19,368,000 after acquiring an additional 3,026 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on DK shares. Morgan Stanley cut their price objective on Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Tuesday, January 27th. Mizuho increased their target price on shares of Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. Finally, Wall Street Zen raised shares of Delek US from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.46.

Insiders Place Their Bets

In other Delek US news, CEO Avigal Soreq sold 50,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $41.08, for a total value of $2,054,000.00. Following the transaction, the chief executive officer directly owned 251,678 shares in the company, valued at approximately $10,338,932.24. This trade represents a 16.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William J. Finnerty sold 5,392 shares of Delek US stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.75, for a total value of $230,508.00. Following the completion of the sale, the director directly owned 46,369 shares of the company’s stock, valued at $1,982,274.75. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 147,764 shares of company stock valued at $6,196,667 over the last quarter. Company insiders own 1.80% of the company’s stock.

Delek US Stock Performance

Delek US stock 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. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. Delek US Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $45.74. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -117.75 and a beta of 0.75.

Delek US (NYSE:DK) last issued its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.55 billion. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($2.54) EPS. On average, research analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

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

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.