Delek US Holdings, Inc. $DK is Kawa Capital Management Inc’s 5th Largest Position

Kawa Capital Management Inc trimmed its position in Delek US Holdings, Inc. (NYSE:DK) by 42.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 200,000 shares of the oil and gas company’s stock after selling 150,000 shares during the period. Delek US comprises approximately 11.7% of Kawa Capital Management Inc’s holdings, making the stock its 5th biggest holding. Kawa Capital Management Inc’s holdings in Delek US were worth $6,454,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank lifted its stake in Delek US by 96.3% in the 1st quarter. Comerica Bank now owns 40,336 shares of the oil and gas company’s stock worth $608,000 after purchasing an additional 19,788 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in shares of Delek US during the 1st quarter valued at $13,728,000. Callodine Capital Management LP increased its holdings in shares of Delek US by 1,827.6% in the first quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company’s stock worth $10,167,000 after purchasing an additional 639,661 shares during the period. Hsbc Holdings PLC raised its position in shares of Delek US by 6.8% in the first quarter. Hsbc Holdings PLC now owns 174,973 shares of the oil and gas company’s stock worth $2,677,000 after buying an additional 11,177 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Delek US by 49.8% in the first quarter. Russell Investments Group Ltd. now owns 499,105 shares of the oil and gas company’s stock worth $7,522,000 after buying an additional 165,820 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of NYSE DK opened at $31.82 on Wednesday. The stock’s 50-day moving average is $37.22 and its 200 day moving average is $29.39. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -3.90 and a beta of 0.82. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $43.50. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 7.12.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. The business had revenue of $2.96 billion for the quarter. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. On average, sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 10th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.02 annualized dividend and a dividend yield of 3.2%. Delek US’s dividend payout ratio (DPR) is currently -12.50%.

Wall Street Analyst Weigh In

DK has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, October 8th. Raymond James Financial boosted their price objective on Delek US from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Piper Sandler upped their price objective on shares of Delek US from $39.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Scotiabank lifted their target price on shares of Delek US from $33.00 to $40.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Delek US from $19.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.54.

Insider Buying and Selling

In other news, EVP Reuven Spiegel sold 27,000 shares of Delek US stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $41.36, for a total value of $1,116,720.00. Following the transaction, the executive vice president owned 23,020 shares in the company, valued at approximately $952,107.20. The trade was a 53.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert G. Wright sold 5,643 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $41.46, for a total value of $233,958.78. Following the completion of the sale, the executive vice president directly owned 41,269 shares of the company’s stock, valued at approximately $1,711,012.74. This trade represents a 12.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 59,354 shares of company stock worth $2,446,658 in the last 90 days. 1.90% of the stock is owned by company insiders.

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.