Delek US Holdings, Inc. $DK Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its holdings in Delek US Holdings, Inc. (NYSE:DK) by 48.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,330 shares of the oil and gas company’s stock after selling 22,364 shares during the quarter. XTX Topco Ltd’s holdings in Delek US were worth $494,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC boosted its position in shares of Delek US by 7,331.8% during the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,613 shares in the last quarter. CWM LLC lifted its stake in Delek US by 56.8% during the second quarter. CWM LLC now owns 3,634 shares of the oil and gas company’s stock worth $77,000 after purchasing an additional 1,316 shares during the last quarter. State of Wyoming acquired a new position in Delek US in the first quarter valued at approximately $95,000. Eisler Capital Management Ltd. purchased a new position in Delek US in the first quarter valued at approximately $172,000. Finally, Cetera Investment Advisers purchased a new position in Delek US in the first quarter valued at approximately $191,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Trading Down 1.3%

NYSE DK opened at $37.65 on Friday. The firm’s fifty day moving average is $36.85 and its two-hundred day moving average is $28.40. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $43.50. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.58 and a current ratio of 0.86. The firm has a market cap of $2.26 billion, a PE ratio of -4.61 and a beta of 0.82.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $2.96 billion for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%. Analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 10th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, November 10th. Delek US’s dividend payout ratio (DPR) is -12.50%.

Insider Activity at Delek US

In related news, EVP Reuven Spiegel sold 27,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $41.36, for a total transaction of $1,116,720.00. Following the completion of the transaction, the executive vice president directly owned 23,020 shares of the company’s stock, valued at $952,107.20. This represents a 53.98% 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, EVP Robert G. Wright sold 5,643 shares of Delek US stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $41.46, for a total value of $233,958.78. Following the completion of the sale, the executive vice president directly owned 41,269 shares in the company, valued at $1,711,012.74. This represents a 12.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 59,354 shares of company stock worth $2,446,658 in the last three months. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on DK shares. Scotiabank boosted their price objective on shares of Delek US from $33.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Bank of America lifted their price target on shares of Delek US from $14.00 to $24.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 3rd. Wall Street Zen raised shares of Delek US from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Cowen upgraded shares of Delek US from a “sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Delek US currently has an average rating of “Hold” and an average price target of $39.08.

Delek US Company 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.