Ethic Inc. Sells 2,510 Shares of Delek US Holdings, Inc. $DK

Ethic Inc. reduced its stake in Delek US Holdings, Inc. (NYSE:DK) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,299 shares of the oil and gas company’s stock after selling 2,510 shares during the period. Ethic Inc.’s holdings in Delek US were worth $706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC boosted its stake in Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 1,164 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new position in shares of Delek US during the 1st quarter valued at approximately $47,000. State of Wyoming purchased a new position in shares of Delek US in the first quarter valued at $95,000. Eisler Capital Management Ltd. bought a new stake in Delek US in the first quarter worth $172,000. Finally, Cetera Investment Advisers bought a new stake in Delek US in the first quarter worth $191,000. Institutional investors own 97.01% of the company’s stock.

Delek US Trading Up 1.2%

DK stock opened at $37.84 on Tuesday. Delek US Holdings, Inc. has a 12 month low of $11.02 and a 12 month high of $38.45. The firm’s 50-day moving average is $31.23 and its 200 day moving average is $23.59. The company has a market capitalization of $2.28 billion, a PE ratio of -3.08 and a beta of 1.01. The company has a debt-to-equity ratio of 10.48, a current ratio of 0.80 and a quick ratio of 0.50.

Delek US (NYSE:DK) last issued its 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 7.11% and a negative return on equity of 79.27%. On average, research analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, August 11th. Delek US’s dividend payout ratio (DPR) is presently -8.30%.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of recent research reports. Wells Fargo & Company began coverage on shares of Delek US in a research note on Friday, October 17th. They issued an “overweight” rating and a $43.00 price objective for the company. Citigroup reiterated a “neutral” rating and issued a $30.00 price target (up previously from $15.00) on shares of Delek US in a research report on Wednesday, July 16th. Bank of America upped their price objective on Delek US from $14.00 to $24.00 and gave the company an “underperform” rating in a research report on Wednesday, September 3rd. Scotiabank raised their price objective on Delek US from $20.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Finally, Raymond James Financial boosted their target price on Delek US from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $33.00.

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the sale, the chief financial officer directly owned 48,294 shares in the company, valued at approximately $1,412,116.56. This represents a 12.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

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.