Caption Management LLC Has $597,000 Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Caption Management LLC reduced its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 39.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,279 shares of the oil and gas company's stock after selling 21,062 shares during the period. Caption Management LLC owned about 0.05% of Delek US worth $597,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Delek US by 51.5% in the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock worth $28,065,000 after buying an additional 508,719 shares in the last quarter. JPMorgan Chase & Co. raised its position in Delek US by 76.8% during the third quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company's stock valued at $9,041,000 after purchasing an additional 209,474 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Delek US by 8.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 31,856 shares of the oil and gas company's stock valued at $589,000 after purchasing an additional 2,493 shares in the last quarter. ARS Investment Partners LLC purchased a new stake in Delek US during the fourth quarter valued at about $185,000. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Delek US in the fourth quarter worth about $920,000. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DK has been the topic of a number of research analyst reports. Mizuho reduced their price target on Delek US from $25.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Raymond James lowered their price objective on Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Scotiabank lowered their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group reduced their price objective on Delek US from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley reduced their price objective on Delek US from $18.00 to $14.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $16.94.

Delek US Stock Performance

Delek US stock traded up $0.99 during midday trading on Monday, hitting $16.13. 583,659 shares of the company's stock were exchanged, compared to its average volume of 1,242,480. The stock has a market cap of $979.53 million, a price-to-earnings ratio of -3.32 and a beta of 0.74. The firm's 50 day simple moving average is $14.10 and its 200 day simple moving average is $16.61. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a 12-month low of $11.03 and a 12-month high of $28.91.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm earned ($0.41) EPS. The business's quarterly revenue was down 18.1% on a year-over-year basis. Equities research analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.255 per share. The ex-dividend date is Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.32%. Delek US's dividend payout ratio (DPR) is -9.18%.

Insider Buying and Selling

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the purchase, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. The trade was a 6.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 5,055 shares of company stock valued at $70,787 in the last quarter. Company insiders own 1.80% of the company's stock.

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.