Jacobs Levy Equity Management Inc. Sells 23,157 Shares of Delek US Holdings, Inc. (NYSE:DK)

Jacobs Levy Equity Management Inc. trimmed its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 851,320 shares of the oil and gas company's stock after selling 23,157 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.35% of Delek US worth $15,749,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DK. Ellevest Inc. bought a new stake in Delek US during the fourth quarter valued at $209,000. Deutsche Bank AG grew its position in shares of Delek US by 39.2% during the 4th quarter. Deutsche Bank AG now owns 448,119 shares of the oil and gas company's stock valued at $8,290,000 after buying an additional 126,222 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in Delek US during the fourth quarter worth about $13,680,000. Corigliano Investment Advisers LLC bought a new position in Delek US in the fourth quarter worth about $4,403,000. Finally, Bridgeway Capital Management LLC lifted its holdings in Delek US by 2.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 602,932 shares of the oil and gas company's stock worth $11,154,000 after acquiring an additional 16,345 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DK shares. Scotiabank cut their target price on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Raymond James decreased their target price on Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Piper Sandler cut their price objective on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Morgan Stanley decreased their target price on shares of Delek US from $18.00 to $14.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Finally, UBS Group lowered their price target on Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.02.

Insider Activity

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the purchase, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 5,055 shares of company stock worth $70,787. Company insiders own 1.80% of the company's stock.

Delek US Stock Up 1.8%

Shares of NYSE DK traded up $0.33 during mid-day trading on Friday, reaching $18.89. 2,026,613 shares of the company traded hands, compared to its average volume of 1,266,735. The company's fifty day moving average is $14.34 and its two-hundred day moving average is $16.63. 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 fifty-two week low of $11.03 and a fifty-two week high of $28.91. The stock has a market cap of $1.15 billion, a PE ratio of -3.89 and a beta of 0.74.

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 the consensus estimate of ($2.27) by ($0.05). The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. Delek US's revenue for the quarter was down 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.41) EPS. On average, 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 declared a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.02 annualized dividend and a yield of 5.40%. Delek US's dividend payout ratio is -9.18%.

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.