SIR Capital Management L.P. Sells 709,538 Shares of Delek US Holdings, Inc. (NYSE:DK)

SIR Capital Management L.P. decreased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 78.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,318 shares of the oil and gas company's stock after selling 709,538 shares during the period. SIR Capital Management L.P. owned approximately 0.30% of Delek US worth $3,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings in shares of Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 1,311 shares during the period. KBC Group NV lifted its stake in shares of 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 purchasing an additional 1,538 shares during the period. ARS Investment Partners LLC purchased a new position in Delek US during the fourth quarter worth about $185,000. Abel Hall LLC purchased a new stake in Delek US in the 4th quarter valued at about $196,000. Finally, Freestone Grove Partners LP purchased a new position in Delek US during the fourth quarter worth approximately $209,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DK. Mizuho upgraded Delek US from a "neutral" rating to an "outperform" rating and increased their price target for the company from $22.00 to $23.00 in a report on Tuesday, May 13th. Raymond James dropped their price target on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley raised their price objective on shares of Delek US from $14.00 to $15.00 and gave the company an "underweight" rating in a research note on Monday. Scotiabank lowered their price objective on shares of 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. Finally, The Goldman Sachs Group lowered their price objective on shares of Delek US from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.10.

Delek US Price Performance

NYSE:DK traded down $0.18 during trading hours on Monday, reaching $18.67. 1,717,079 shares of the company's stock were exchanged, compared to its average volume of 1,271,602. The company has a market capitalization of $1.13 billion, a P/E ratio of -3.84 and a beta of 0.74. Delek US Holdings, Inc. has a 12 month low of $11.03 and a 12 month high of $28.91. 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 business's 50-day simple moving average is $14.44 and its two-hundred day simple moving average is $16.66.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. 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 previous year, the business posted ($0.41) earnings per share. The company's quarterly revenue was down 18.1% on a year-over-year basis. Sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend is Monday, May 12th. Delek US's dividend payout ratio is -9.18%.

Insider Buying and Selling

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the purchase, the chief financial officer now owns 49,138 shares of the company's stock, valued at approximately $673,190.60. This trade represents a 6.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders bought 5,055 shares of company stock valued at $70,787. Company 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.