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

SIR Capital Management L.P. trimmed its holdings in Delek US Holdings, Inc. (NYSE:DK) by 78.8% in the fourth quarter, according to the company in its most recent Form 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 about 0.30% of Delek US worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Barclays PLC raised its holdings in shares of Delek US by 51.5% in the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock valued at $28,065,000 after purchasing an additional 508,719 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Delek US by 8.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 31,856 shares of the oil and gas company’s stock valued at $589,000 after acquiring an additional 2,493 shares during the period. ARS Investment Partners LLC bought a new stake in shares of Delek US during the 4th quarter worth about $185,000. Clear Harbor Asset Management LLC bought a new stake in shares of Delek US during the fourth quarter worth approximately $920,000. Finally, Mutual Advisors LLC boosted its holdings in shares of Delek US by 26.3% during the fourth quarter. Mutual Advisors LLC now owns 65,754 shares of the oil and gas company’s stock worth $1,316,000 after acquiring an additional 13,689 shares during the period. 97.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of Delek US stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the acquisition, the chief financial officer now owns 49,138 shares of the company’s stock, valued at $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 can be accessed through this link. Over the last three months, insiders acquired 5,055 shares of company stock worth $70,787. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DK has been the subject of several recent research reports. Scotiabank reduced their price target on Delek US from $24.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Mizuho upgraded shares of Delek US from a “neutral” rating to an “outperform” rating and upped their price target for the company from $22.00 to $23.00 in a research note on Tuesday. Wells Fargo & Company dropped their price objective on shares of Delek US from $16.00 to $11.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Raymond James dropped their price target on shares of Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley cut their price objective on shares of Delek US from $18.00 to $14.00 and set an “underweight” rating for the company in a research report on Thursday, April 24th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.02.

Delek US Trading Up 6.2%

NYSE:DK opened at $18.55 on Friday. Delek US Holdings, Inc. has a 52 week low of $11.03 and a 52 week high of $28.91. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The firm’s fifty day moving average is $14.34 and its 200-day moving average is $16.63. The firm has a market cap of $1.13 billion, a P/E ratio of -3.82 and a beta of 0.74.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing analysts’ consensus estimates of ($2.27) by ($0.05). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the company posted ($0.41) EPS. The business’s revenue was down 18.1% compared to the same quarter last year. Equities analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.02 annualized dividend and a yield of 5.50%. Delek US’s dividend payout ratio is currently -9.18%.

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.