Delek US Holdings, Inc. $DK Shares Sold by Kawa Capital Management Inc

Key Points

• Kawa Capital Management Inc has reduced its stake in Delek US Holdings, Inc. by 12.5%, holding 350,000 shares valued at approximately $7.41 million, which constitutes about 15% of its holdings.
• Institutional investors own 97.01% of Delek US, highlighting strong support from large investment firms.
• Delek US recently reported a negative earnings per share of ($0.56), exceeding analyst expectations, while quarterly revenue dropped by 16.4% year-over-year.

Kawa Capital Management Inc lessened its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,000 shares of the oil and gas company's stock after selling 50,000 shares during the period. Delek US comprises approximately 15.0% of Kawa Capital Management Inc's investment portfolio, making the stock its 3rd biggest position. Kawa Capital Management Inc owned 0.58% of Delek US worth $7,413,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CWM LLC increased its position in shares of Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 1,164 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new position in Delek US in the 1st quarter valued at about $47,000. GAMMA Investing LLC lifted its stake in Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after buying an additional 3,746 shares in the last quarter. State of Wyoming purchased a new position in Delek US in the 1st quarter worth approximately $95,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Delek US by 77.4% during the 1st quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company's stock worth $110,000 after buying an additional 3,105 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Stock Performance

Shares of Delek US stock traded down $0.75 during trading hours on Friday, reaching $31.37. The company's stock had a trading volume of 2,485,908 shares, compared to its average volume of 2,303,857. The company's 50 day simple moving average is $25.54 and its 200 day simple moving average is $20.09. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $32.61. The stock has a market cap of $1.89 billion, a P/E ratio of -2.55 and a beta of 1.09.

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

Delek US Dividend Announcement

The business also recently announced 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 dividend yield of 3.3%. The ex-dividend date was Monday, August 11th. Delek US's dividend payout ratio (DPR) is -8.30%.

Wall Street Analyst Weigh In

DK has been the subject of several recent research reports. The Goldman Sachs Group raised their price target on shares of Delek US from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Monday, September 15th. Citigroup restated a "neutral" rating and issued a $30.00 price objective (up from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Cowen upgraded shares of Delek US from a "sell" rating to a "hold" rating in a research note on Friday. Wolfe Research upgraded shares of Delek US from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a research note on Wednesday, September 3rd. Finally, UBS Group boosted their price target on shares of Delek US from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $26.54.

Insider Buying and Selling at Delek US

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the company's stock in a transaction dated 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 directly owned 48,294 shares of the company's stock, valued at approximately $1,412,116.56. This represents a 12.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company's stock.

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.