Inlight Wealth Management LLC Sells 27,545 Shares of Delek US Holdings, Inc. (NYSE:DK)

Inlight Wealth Management LLC trimmed its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 20.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,225 shares of the oil and gas company's stock after selling 27,545 shares during the quarter. Delek US accounts for 0.5% of Inlight Wealth Management LLC's portfolio, making the stock its 28th largest position. Inlight Wealth Management LLC owned about 0.18% of Delek US worth $1,661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DK. Millennium Management LLC lifted its position in shares of Delek US by 1,199.2% during the 4th quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company's stock worth $16,100,000 after buying an additional 803,274 shares during the period. Deprince Race & Zollo Inc. bought a new position in Delek US during the 4th quarter valued at about $13,680,000. Ion Asset Management Ltd. increased its holdings in shares of Delek US by 16.5% during the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock worth $63,918,000 after buying an additional 488,509 shares in the last quarter. Norges Bank acquired a new position in shares of Delek US in the 4th quarter worth approximately $6,815,000. Finally, Barclays PLC increased its holdings in Delek US by 23.1% during the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock valued at $34,078,000 after purchasing an additional 345,210 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Delek US Trading Up 0.1%

Shares of NYSE DK traded up $0.02 during midday trading on Wednesday, reaching $20.81. 1,362,470 shares of the stock were exchanged, compared to its average volume of 1,362,545. Delek US Holdings, Inc. has a 12 month low of $11.03 and a 12 month high of $25.68. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -1.87 and a beta of 0.96. 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 business has a 50-day simple moving average of $17.39 and a two-hundred day simple moving average of $16.97.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative return on equity of 63.88% and a negative net margin of 6.10%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm posted ($0.41) earnings per share. The business's revenue was down 18.1% on a year-over-year basis. As a group, equities research analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were given a $0.255 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a dividend yield of 4.90%. Delek US's dividend payout ratio is presently -9.18%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Piper Sandler cut their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Morgan Stanley increased their price target on shares of Delek US from $14.00 to $15.00 and gave the company an "underweight" rating in a research note on Monday, May 19th. UBS Group lowered their price target on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Scotiabank decreased their price objective on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Finally, 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 research report on Wednesday, June 11th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Delek US has an average rating of "Hold" and an average price target of $17.60.

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.