Clifford Capital Partners LLC Has $11.09 Million Holdings in Delek US Holdings, Inc. $DK

Clifford Capital Partners LLC cut its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 38.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,769 shares of the oil and gas company’s stock after selling 232,890 shares during the period. Clifford Capital Partners LLC’s holdings in Delek US were worth $11,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in Delek US during the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its position in Delek US by 95.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 432 shares during the period. EverSource Wealth Advisors LLC lifted its position in Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares during the period. Torren Management LLC acquired a new position in Delek US during the 4th quarter valued at about $40,000. Finally, Focus Partners Wealth acquired a new position in Delek US during the 3rd quarter valued at about $44,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Stock Performance

Shares of NYSE:DK opened at $42.37 on Thursday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of -46.56, a P/E/G ratio of 0.29 and a beta of 0.60. The firm’s 50 day simple moving average is $43.93 and its 200 day simple moving average is $38.37. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. Delek US Holdings, Inc. has a fifty-two week low of $19.81 and a fifty-two week high of $50.33.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. Delek US’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company posted ($2.32) EPS. As a group, sell-side analysts forecast that Delek US Holdings, Inc. will post 5.24 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders 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 2.4%. The ex-dividend date was Friday, May 1st. Delek US’s dividend payout ratio (DPR) is -112.09%.

Analyst Upgrades and Downgrades

DK has been the topic of a number of research reports. TD Cowen cut their target price on shares of Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Wells Fargo & Company increased their price target on shares of Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Weiss Ratings downgraded shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Morgan Stanley increased their price target on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. Finally, UBS Group increased their price target on shares of Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.00.

Insider Activity at Delek US

In other Delek US news, EVP Robert G. Wright sold 10,720 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total transaction of $504,590.40. Following the sale, the executive vice president directly owned 48,148 shares in the company, valued at approximately $2,266,326.36. This trade represents a 18.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Laurie Z. Tolson sold 4,921 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $46.30, for a total transaction of $227,842.30. Following the sale, the director owned 18,226 shares in the company, valued at $843,863.80. This trade represents a 21.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 34,270 shares of company stock valued at $1,571,218. Corporate insiders own 3.56% of the company’s stock.

Delek US 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.