Thoroughbred Financial Services LLC Reduces Position in Delek US Holdings, Inc. (NYSE:DK)

Thoroughbred Financial Services LLC lowered its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 22.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 36,231 shares of the oil and gas company’s stock after selling 10,298 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Delek US were worth $670,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DK. Rangeley Capital LLC acquired a new stake in Delek US during the 4th quarter valued at approximately $6,179,000. Diametric Capital LP purchased a new stake in shares of Delek US during the 4th quarter worth about $251,000. Kawa Capital Management Inc acquired a new stake in Delek US in the fourth quarter valued at approximately $4,297,000. Norges Bank acquired a new stake in Delek US in the 4th quarter valued at $6,815,000. Finally, Easterly Investment Partners LLC grew its position in shares of Delek US by 2.9% in the fourth quarter. Easterly Investment Partners LLC now owns 765,249 shares of the oil and gas company’s stock valued at $14,157,000 after purchasing an additional 21,210 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

Shares of NYSE DK opened at $12.07 on Friday. The firm has a market capitalization of $754.22 million, a PE ratio of -2.48 and a beta of 1.14. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a fifty-two week low of $11.03 and a fifty-two week high of $33.27. The stock’s 50-day simple moving average is $16.57 and its 200-day simple moving average is $17.67.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.46) earnings per share. As a group, equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio is currently -11.54%.

Analyst Upgrades and Downgrades

DK has been the subject of several research reports. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho cut their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Morgan Stanley reduced their price objective on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Wells Fargo & Company boosted their target price on Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.11.

Insider Buying and Selling at Delek US

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. The trade was a 6.04 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have purchased 5,055 shares of company stock worth $70,787. 1.80% of the stock is currently owned by 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.