Delek US Holdings, Inc. (NYSE:DK) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 48.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 31,005 shares of the oil and gas company's stock after selling 28,714 shares during the period. Marshall Wace LLP's holdings in Delek US were worth $574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DK. Sterling Capital Management LLC increased its stake in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 1,311 shares during the period. KBC Group NV raised its holdings in Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 1,538 shares in the last quarter. ARS Investment Partners LLC purchased a new position in Delek US in the fourth quarter worth approximately $185,000. Abel Hall LLC acquired a new position in Delek US during the 4th quarter worth approximately $196,000. Finally, Diametric Capital LP purchased a new stake in shares of Delek US in the 4th quarter valued at approximately $251,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Delek US Trading Up 5.6 %

DK traded up $0.79 during trading on Thursday, hitting $14.83. The company's stock had a trading volume of 253,765 shares, compared to its average volume of 1,235,470. The stock has a market cap of $927.07 million, a PE ratio of -3.05 and a beta of 0.74. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. Delek US Holdings, Inc. has a twelve month low of $11.03 and a twelve month high of $28.91. The firm's 50 day moving average price is $14.12 and its 200-day moving average price is $16.63.

Delek US (NYSE:DK - Get Free Report) last released its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.27) by ($0.05). The company had revenue of $2.64 billion during 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 was down 18.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.41) earnings per share. On average, analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Monday, May 12th. Delek US's payout ratio is -11.54%.

Insider Buying and Selling at Delek US

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased 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 directly owns 49,138 shares of the company's stock, valued at $673,190.60. This represents a 6.04 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 5,055 shares of company stock valued at $70,787 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on DK. Piper Sandler lowered their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Morgan Stanley dropped their price target on shares of Delek US from $18.00 to $14.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Mizuho cut their target price on Delek US from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group reduced their target price on Delek US from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, Raymond James dropped their target price on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $16.94.

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.