Delek US Holdings, Inc. $DK Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC decreased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 13.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 297,060 shares of the oil and gas company’s stock after selling 44,909 shares during the quarter. Easterly Investment Partners LLC’s holdings in Delek US were worth $8,811,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new stake in shares of Delek US during the fourth quarter worth about $48,374,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Delek US during the fourth quarter worth about $3,990,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Delek US by 17,347.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,026 shares of the oil and gas company’s stock worth $238,000 after buying an additional 7,980 shares during the period. Intech Investment Management LLC boosted its stake in shares of Delek US by 45.7% during the fourth quarter. Intech Investment Management LLC now owns 32,470 shares of the oil and gas company’s stock worth $963,000 after buying an additional 10,190 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its stake in shares of Delek US by 1.3% during the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In related news, EVP Denise Clark Mcwatters sold 11,988 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $41.33, for a total transaction of $495,464.04. Following the completion of the transaction, the executive vice president directly owned 74,196 shares of the company’s stock, valued at $3,066,520.68. This represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Avigal Soreq sold 50,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $41.08, for a total transaction of $2,054,000.00. Following the completion of the transaction, the chief executive officer directly owned 251,678 shares of the company’s stock, valued at approximately $10,338,932.24. This trade represents a 16.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 197,736 shares of company stock valued at $8,433,442 over the last ninety days. 3.56% of the stock is currently owned by company insiders.

Delek US Trading Down 0.2%

NYSE DK opened at $44.40 on Monday. The stock has a market capitalization of $2.72 billion, a P/E ratio of -48.80, a P/E/G ratio of 0.30 and a beta of 0.60. Delek US Holdings, Inc. has a 52-week low of $18.12 and a 52-week high of $49.50. The firm has a 50-day moving average price of $43.56 and a 200 day moving average price of $37.74. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $1.50. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company posted ($2.32) earnings per share. Equities research analysts expect that Delek US Holdings, Inc. will post 4.96 EPS for the current year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s dividend payout ratio is currently -112.09%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Delek US from a “neutral” rating to a “buy” rating and increased their target price for the stock from $43.00 to $55.00 in a research note on Friday, April 10th. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. Morgan Stanley set a $41.00 target price on shares of Delek US in a research note on Monday, May 4th. UBS Group increased their target price on shares of Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Finally, Scotiabank upgraded shares of Delek US to a “hold” rating in a research note on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.69.

Delek US News Roundup

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: Zacks Research raised its earnings forecasts for Delek US across several periods, including FY2026, Q2/Q3/Q4 2027, and FY2027, signaling better expected fundamentals and potentially supporting the stock. Delek US Holdings, Inc. (NYSE:DK) free report
• Positive Sentiment: A separate article highlighted Delek US as one of the better oil stocks to own amid geopolitical tensions in the Middle East, pointing to the company’s cash-flow improvement efforts and the benefit of stronger energy-market sentiment. Insider Monkey article on DK
• Neutral Sentiment: One note from Zacks Research downgraded Delek US from strong-buy to hold, which introduces some caution and may limit upside despite the stronger earnings revisions. Zacks Research downgrade

About Delek US

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.