Delek US Holdings, Inc. (NYSE:DK) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC lowered its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 40.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 457,616 shares of the oil and gas company's stock after selling 307,633 shares during the quarter. Easterly Investment Partners LLC owned about 0.73% of Delek US worth $6,896,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rafferty Asset Management LLC boosted its holdings in Delek US by 0.7% during the fourth quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock worth $2,122,000 after buying an additional 797 shares in the last quarter. CWM LLC lifted its stake in Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock valued at $35,000 after buying an additional 1,164 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Delek US by 2.3% in the fourth quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock worth $973,000 after buying an additional 1,192 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Delek US by 3.5% in the fourth 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 period. Finally, Sterling Capital Management LLC raised its holdings in shares of 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 valued at $28,000 after acquiring an additional 1,311 shares during the period. Institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on shares of Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 11th. UBS Group decreased their target price on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Scotiabank reaffirmed a "sector perform" rating and set a $20.00 target price (up previously from $14.00) on shares of Delek US in a research note on Friday, July 11th. Morgan Stanley restated an "underweight" rating and set a $19.00 price target (up from $15.00) on shares of Delek US in a report on Wednesday. Finally, Citigroup reaffirmed a "neutral" rating and set a $30.00 price target (up from $15.00) on shares of Delek US in a research note on Wednesday. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $19.71.

Delek US Stock Performance

NYSE DK opened at $25.41 on Thursday. Delek US Holdings, Inc. has a 52-week low of $11.03 and a 52-week high of $27.07. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.85 and a quick ratio of 0.53. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -2.29 and a beta of 0.98. The company's fifty day moving average is $20.70 and its two-hundred day moving average is $17.69.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The company 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. Delek US's quarterly revenue was down 18.1% compared to the same quarter last year. Equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's 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.

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