DRW Securities LLC Takes Position in Delek US Holdings, Inc. (NYSE:DK)

DRW Securities LLC acquired a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 95,056 shares of the oil and gas company’s stock, valued at approximately $1,782,000.

A number of other large investors have also recently bought and sold shares of DK. Quarry LP acquired a new position in shares of Delek US in the second quarter worth $43,000. Farther Finance Advisors LLC increased its position in Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,508 shares in the last quarter. Bailard Inc. acquired a new position in Delek US in the 2nd quarter valued at about $201,000. MQS Management LLC purchased a new position in Delek US in the 3rd quarter valued at about $201,000. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Delek US during the 2nd quarter worth about $223,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DK shares. StockNews.com lowered shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Wells Fargo & Company reduced their price target on Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. Bank of America started coverage on Delek US in a research report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective for the company. Scotiabank reduced their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, Morgan Stanley decreased their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, September 16th. Six research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.00.

Delek US Trading Up 1.1 %

Shares of NYSE:DK opened at $18.60 on Monday. The company has a fifty day simple moving average of $18.24 and a 200 day simple moving average of $21.50. 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 12-month low of $15.36 and a 12-month high of $33.60.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping the consensus estimate of ($1.71) by $0.26. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 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 34.3% compared to the same quarter last year. During the same period last year, the business earned $2.02 EPS. Analysts expect that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s payout ratio is currently -20.99%.

Delek US Company 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.