Two Sigma Investments LP Buys New Position in Delek US Holdings, Inc. (DK)

Two Sigma Investments LP purchased a new stake in Delek US Holdings, Inc. (NYSE:DK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,257 shares of the oil and gas company’s stock, valued at approximately $295,000.

Several other hedge funds also recently bought and sold shares of DK. Paradigm Capital Management Inc. NY boosted its position in shares of Delek US Holdings by 0.4% in the third quarter. Paradigm Capital Management Inc. NY now owns 40,450 shares of the oil and gas company’s stock worth $700,000 after buying an additional 150 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of Delek US Holdings by 1.0% in the third quarter. BlackRock Investment Management LLC now owns 255,749 shares of the oil and gas company’s stock worth $4,422,000 after buying an additional 2,580 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Delek US Holdings by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 522,187 shares of the oil and gas company’s stock worth $9,029,000 after buying an additional 3,498 shares in the last quarter. Janus Capital Management LLC bought a new position in shares of Delek US Holdings during the fourth quarter worth approximately $212,000. Finally, California Public Employees Retirement System boosted its position in shares of Delek US Holdings by 2.1% in the third quarter. California Public Employees Retirement System now owns 447,200 shares of the oil and gas company’s stock worth $7,732,000 after buying an additional 9,000 shares in the last quarter. Institutional investors own 90.21% of the company’s stock.

Institutional Ownership by Quarter for Delek US Holdings (NYSE:DK)

Shares of Delek US Holdings, Inc. (NYSE:DK) traded up 2.16% on Thursday, hitting $21.76. 333,155 shares of the company’s stock were exchanged. Delek US Holdings, Inc. has a 12-month low of $11.41 and a 12-month high of $26.06. The company’s 50-day moving average price is $24.02 and its 200 day moving average price is $21.76. The stock’s market cap is $1.35 billion.

Delek US Holdings (NYSE:DK) last announced its earnings results on Monday, February 27th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.11. The company earned $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Delek US Holdings had a negative net margin of 4.61% and a negative return on equity of 5.78%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share. On average, equities analysts predict that Delek US Holdings, Inc. will post ($0.31) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, March 13th. Delek US Holdings’s dividend payout ratio is presently -16.22%.

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A number of brokerages recently commented on DK. Credit Suisse Group AG cut Delek US Holdings from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $28.00 to $26.00 in a report on Friday, March 24th. Scotiabank reissued a “hold” rating and set a $26.00 price target on shares of Delek US Holdings in a report on Thursday, March 2nd. Bank of America Corp raised Delek US Holdings from an “underperform” rating to a “neutral” rating and set a $31.00 price target on the stock in a report on Thursday, January 5th. TheStreet raised Delek US Holdings from a “d” rating to a “c-” rating in a report on Monday, February 27th. Finally, Wolfe Research cut Delek US Holdings from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Delek US Holdings presently has a consensus rating of “Hold” and a consensus target price of $19.16.

In other news, insider Donald Norman Holmes sold 4,058 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $24.83, for a total value of $100,760.14. Following the completion of the transaction, the insider now directly owns 26,690 shares in the company, valued at $662,712.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony L. Miller sold 4,026 shares of the company’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $23.68, for a total transaction of $95,335.68. Following the completion of the transaction, the insider now owns 8,876 shares of the company’s stock, valued at $210,183.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,634 shares of company stock valued at $308,786. 1.42% of the stock is owned by insiders.

Delek US Holdings Company Profile

Delek US Holdings, Inc is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and refined products. The Company operates through two segments: Refining and Logistics. The Company’s refining segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery).

5 Day Chart for NYSE:DK

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