Delek US Holdings, Inc. $DK Shares Sold by Coppell Advisory Solutions LLC

Key Points

• Coppell Advisory Solutions LLC significantly reduced its holdings in Delek US Holdings, Inc. by 91.1%, now owning 10,959 shares valued at $165,000 as of the latest SEC filing.
• Delek US recently reported quarterly earnings of ($0.56) per share, which exceeded expectations yet indicated a 16.4% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.255 per share with a yield of 3.2%, despite having a negative dividend payout ratio of -8.30%.

Coppell Advisory Solutions LLC cut its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 91.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,959 shares of the oil and gas company's stock after selling 112,356 shares during the period. Coppell Advisory Solutions LLC's holdings in Delek US were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DK. Northern Trust Corp grew its position in shares of Delek US by 8.0% during the 4th quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company's stock valued at $16,721,000 after acquiring an additional 66,815 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Delek US in the 4th quarter worth about $532,000. Ameriprise Financial Inc. boosted its holdings in Delek US by 14.4% in the 4th quarter. Ameriprise Financial Inc. now owns 792,111 shares of the oil and gas company's stock worth $14,654,000 after buying an additional 99,521 shares during the last quarter. Deutsche Bank AG boosted its holdings in Delek US by 39.2% in the 4th quarter. Deutsche Bank AG now owns 448,119 shares of the oil and gas company's stock worth $8,290,000 after buying an additional 126,222 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Delek US by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company's stock worth $668,000 after buying an additional 1,227 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Trading Down 2.8%

NYSE DK traded down $0.79 on Friday, reaching $27.88. The 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 price-to-earnings ratio of -2.27 and a beta of 1.09. 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 Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $32.61. The stock has a fifty day moving average price of $24.95 and a two-hundred day moving average price of $19.57.

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

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.02 dividend on an annualized basis and a yield of 3.7%. Delek US's payout ratio is presently -8.30%.

Analysts Set New Price Targets

DK has been the topic of several research analyst reports. Raymond James Financial lifted their price objective on Delek US from $26.00 to $33.00 and gave the stock an "outperform" rating in a report on Tuesday, September 9th. Cowen reiterated a "sell" rating on shares of Delek US in a report on Friday, August 8th. UBS Group boosted their target price on Delek US from $24.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. Wells Fargo & Company boosted their target price on Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a report on Wednesday, June 11th. Finally, TD Cowen lowered their target price on Delek US from $18.00 to $15.00 and set a "sell" rating on the stock in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $24.69.

Insider Transactions at Delek US

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the transaction, the chief financial officer owned 48,294 shares in the company, valued at $1,412,116.56. The trade was a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

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.