Delek US Holdings, Inc. (NYSE:DK) Stake Lessened by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 570,469 shares of the oil and gas company's stock after selling 146,500 shares during the period. Renaissance Technologies LLC owned about 0.90% of Delek US worth $10,554,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DK. Russell Investments Group Ltd. grew its stake in Delek US by 37.3% in the 4th quarter. Russell Investments Group Ltd. now owns 333,285 shares of the oil and gas company's stock valued at $6,165,000 after acquiring an additional 90,487 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Delek US by 116.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 186,767 shares of the oil and gas company's stock valued at $3,455,000 after purchasing an additional 100,300 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Delek US by 33.0% during the 4th quarter. Wells Fargo & Company MN now owns 35,531 shares of the oil and gas company's stock worth $657,000 after purchasing an additional 8,824 shares in the last quarter. Rangeley Capital LLC acquired a new position in shares of Delek US during the 4th quarter worth approximately $6,179,000. Finally, Diametric Capital LP purchased a new stake in Delek US in the 4th quarter valued at approximately $251,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DK shares. Mizuho cut their price target on Delek US from $25.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Piper Sandler cut their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Wells Fargo & Company decreased their price target on shares of Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley cut their price objective on shares of Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Finally, Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Delek US presently has an average rating of "Hold" and a consensus target price of $17.48.

Insiders Place Their Bets

In related news, CFO Mark Wayne Hobbs bought 2,800 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the acquisition, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. This represents a 6.04 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders acquired a total of 5,055 shares of company stock worth $70,787 over the last ninety days. 1.80% of the stock is owned by company insiders.

Delek US Trading Up 3.0 %

Shares of NYSE DK traded up $0.38 during trading on Tuesday, hitting $13.02. 759,411 shares of the company traded hands, compared to its average volume of 1,215,746. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm has a market capitalization of $813.92 million, a P/E ratio of -2.68 and a beta of 1.04. The company has a 50-day moving average price of $14.87 and a 200-day moving average price of $17.01. Delek US Holdings, Inc. has a 1 year low of $11.03 and a 1 year high of $29.81.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business's revenue was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.46) earnings per share. On average, equities analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 7.83%. Delek US's dividend payout ratio (DPR) is -11.54%.

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.