DRW Securities LLC Buys 30,145 Shares of Delek US Holdings, Inc. $DK

Key Points

• DRW Securities LLC increased its stake in Delek US Holdings by 17.8%, owning 199,702 shares valued at $3.01 million as of its latest SEC filing.
• Delek US's stock has seen various price upgrades from analysts, with Goldman Sachs raising its target price from $15 to $17 and Raymond James increasing it to $28.
• The company recently reported quarterly revenue of $2.76 billion, surpassing analyst estimates, but posted a negative earnings per share of ($0.56) during the quarter.

DRW Securities LLC increased its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 17.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,702 shares of the oil and gas company's stock after buying an additional 30,145 shares during the period. DRW Securities LLC owned about 0.33% of Delek US worth $3,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State of Wyoming bought a new stake in Delek US during the first quarter valued at $95,000. Callodine Capital Management LP boosted its holdings in shares of Delek US by 1,827.6% during the first quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company's stock valued at $10,167,000 after acquiring an additional 639,661 shares during the period. Eisler Capital Management Ltd. acquired a new position in shares of Delek US during the first quarter valued at $172,000. PEAK6 LLC boosted its holdings in shares of Delek US by 518.6% during the first quarter. PEAK6 LLC now owns 21,341 shares of the oil and gas company's stock valued at $322,000 after acquiring an additional 17,891 shares during the period. Finally, Comerica Bank grew its position in Delek US by 96.3% in the 1st quarter. Comerica Bank now owns 40,336 shares of the oil and gas company's stock valued at $608,000 after buying an additional 19,788 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Cowen reiterated a "sell" rating on shares of Delek US in a report on Friday, August 8th. The Goldman Sachs Group upped their price objective on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. TD Cowen reduced their target price on Delek US from $18.00 to $15.00 and set a "sell" rating for the company in a report on Friday, August 8th. Morgan Stanley lifted their target price on Delek US from $15.00 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday, July 16th. Finally, Raymond James Financial increased their price objective on Delek US from $23.00 to $28.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $23.77.

Delek US Trading Up 3.1%

DK stock traded up $0.95 during midday trading on Wednesday, reaching $31.95. The stock had a trading volume of 2,351,163 shares, compared to its average volume of 2,292,660. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $32.38. The business has a fifty day simple moving average of $23.81 and a two-hundred day simple moving average of $18.91. The company has a debt-to-equity ratio of 10.48, a current ratio of 0.80 and a quick ratio of 0.50.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $0.36. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the previous year, the company earned ($0.92) EPS. The company's revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share 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 paid a $0.255 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 3.2%. Delek US's payout ratio is presently -8.30%.

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.