Squarepoint Ops LLC Acquires New Shares in Delek US Holdings, Inc. (NYSE:DK)

Squarepoint Ops LLC bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 46,288 shares of the oil and gas company's stock, valued at approximately $856,000. Squarepoint Ops LLC owned 0.07% of Delek US at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. KBC Group NV increased its stake in Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock worth $71,000 after acquiring an additional 1,538 shares during the period. Empowered Funds LLC lifted its holdings in Delek US by 5.1% during the 4th quarter. Empowered Funds LLC now owns 335,932 shares of the oil and gas company's stock worth $6,215,000 after buying an additional 16,345 shares during the period. Equitable Trust Co. acquired a new position in shares of Delek US in the 4th quarter valued at about $341,000. Summit Trail Advisors LLC acquired a new position in shares of Delek US in the 4th quarter valued at about $565,000. Finally, Van ECK Associates Corp lifted its stake in shares of Delek US by 17.8% in the 4th quarter. Van ECK Associates Corp now owns 14,111 shares of the oil and gas company's stock valued at $261,000 after purchasing an additional 2,134 shares during the period. Institutional investors own 97.01% of the company's stock.

Delek US Price Performance

NYSE DK traded up $0.48 during trading hours on Thursday, reaching $19.10. 1,033,113 shares of the stock traded hands, compared to its average volume of 1,309,044. The stock has a 50 day simple moving average of $15.25 and a two-hundred day simple moving average of $16.81. Delek US Holdings, Inc. has a 1 year low of $11.03 and a 1 year high of $25.68. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -3.93 and a beta of 0.74.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.56 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm's quarterly revenue was down 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.41) EPS. On average, analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a dividend of $0.255 per share. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a yield of 5.34%. Delek US's payout ratio is -9.18%.

Insider Transactions at Delek US

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $13.70 per share, with a total value of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 5,055 shares of company stock valued at $70,787 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group dropped their price target on Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Scotiabank dropped their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company decreased their price objective on Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group boosted their price objective on Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Raymond James decreased their price objective on Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.27.

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.