Yaupon Capital Management LP Takes Position in Delek US Holdings, Inc. $DK

Key Points

• Yaupon Capital Management LP acquired 205,349 shares of Delek US Holdings, Inc., marking a $3.1 million investment that represents a 0.34% ownership in the company.
• Institutional investors own a substantial 97.01% of Delek US's stock, indicating significant confidence in the company's prospects despite a negative net margin of 7.11%.
• Delek US announced a quarterly dividend of $0.255 per share, resulting in a 3.4% dividend yield, although its payout ratio is currently negative at -8.30%.

Yaupon Capital Management LP bought a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 205,349 shares of the oil and gas company's stock, valued at approximately $3,095,000. Yaupon Capital Management LP owned approximately 0.34% of Delek US at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Rafferty Asset Management LLC grew its stake in Delek US by 0.7% in the 4th quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock worth $2,122,000 after acquiring an additional 797 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Delek US by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company's stock worth $560,000 after acquiring an additional 1,102 shares in the last quarter. CWM LLC grew its stake in 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 in the last quarter. Abel Hall LLC grew its stake in Delek US by 26.3% in the 1st quarter. Abel Hall LLC now owns 13,384 shares of the oil and gas company's stock worth $202,000 after acquiring an additional 2,790 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Delek US by 16.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,306 shares of the oil and gas company's stock worth $306,000 after acquiring an additional 2,918 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Robert G. Wright sold 7,135 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total transaction of $208,627.40. Following the sale, the chief financial officer owned 48,294 shares in the company, valued at approximately $1,412,116.56. This trade represents a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Citigroup reiterated a "neutral" rating and set a $30.00 price objective (up from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Morgan Stanley increased their price objective on shares of Delek US from $15.00 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group increased their price objective on shares of Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Wells Fargo & Company increased their target price on shares of Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a research report on Wednesday, June 11th. Finally, Wolfe Research raised shares of Delek US from a "peer perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research report on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Delek US has an average rating of "Reduce" and an average price target of $24.69.

Delek US Stock Performance

Shares of NYSE:DK traded down $0.79 during midday trading on Friday, reaching $27.88. The company's stock had a trading volume of 2,805,176 shares, compared to its average volume of 2,559,875. The firm has a market capitalization of $1.68 billion, a PE ratio of -2.27 and a beta of 1.09. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $32.61. The stock has a fifty day moving average of $24.95 and a 200 day moving average of $19.57. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share for the quarter, topping analysts' consensus estimates of ($0.92) by $0.36. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. The business's quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.92) earnings per share. On average, equities analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, August 11th. Delek US's dividend payout ratio (DPR) is currently -8.30%.

About Delek US

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.