Delek US Holdings, Inc. $DK Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in Delek US Holdings, Inc. (NYSE:DK) by 25.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 25,378 shares of the oil and gas company’s stock after selling 8,716 shares during the quarter. Intech Investment Management LLC’s holdings in Delek US were worth $538,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. CWM LLC lifted its stake in shares of Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,164 shares during the period. AlphaQuest LLC raised its holdings in Delek US by 7,331.8% during the second quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,613 shares in the last quarter. State of Wyoming acquired a new stake in Delek US in the first quarter valued at about $95,000. Eisler Capital Management Ltd. purchased a new stake in Delek US in the 1st quarter valued at approximately $172,000. Finally, Cetera Investment Advisers purchased a new stake in Delek US in the 1st quarter valued at approximately $191,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DK shares. Wolfe Research raised Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Wednesday, September 3rd. Wells Fargo & Company increased their price objective on Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Raymond James Financial boosted their target price on shares of Delek US from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. TD Cowen upped their price target on shares of Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Finally, Cowen upgraded shares of Delek US from a “sell” rating to a “hold” rating in a report on Friday, September 19th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Delek US presently has an average rating of “Hold” and a consensus target price of $39.08.

Delek US Price Performance

Shares of NYSE DK opened at $38.67 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 7.12. The company’s 50-day moving average price is $36.39 and its 200 day moving average price is $27.83. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $43.50. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -4.74 and a beta of 0.99.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $2.96 billion for the quarter. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 10th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, November 10th. Delek US’s dividend payout ratio is -12.50%.

Insiders Place Their Bets

In other news, EVP Joseph Israel sold 20,028 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $41.12, for a total value of $823,551.36. Following the completion of the transaction, the executive vice president directly owned 62,793 shares of the company’s stock, valued at $2,582,048.16. The trade was a 24.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Robert G. Wright sold 7,135 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the sale, the chief financial officer owned 48,294 shares in the company, valued at $1,412,116.56. This represents a 12.87% 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 sold 66,489 shares of company stock valued at $2,655,285. Corporate 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.