Algert Global LLC Sells 89,439 Shares of Delek US Holdings, Inc. (NYSE:DK)

Algert Global LLC trimmed its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 63.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,184 shares of the oil and gas company's stock after selling 89,439 shares during the period. Algert Global LLC owned about 0.08% of Delek US worth $960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Delek US during the second quarter worth about $19,806,000. Easterly Investment Partners LLC grew its position in shares of Delek US by 26.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company's stock worth $11,329,000 after buying an additional 96,531 shares during the last quarter. Burney Co. purchased a new position in shares of Delek US during the second quarter valued at approximately $1,111,000. International Assets Investment Management LLC raised its holdings in shares of Delek US by 1,753.2% during the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company's stock valued at $12,160,000 after acquiring an additional 613,514 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Delek US by 41.7% in the second quarter. Harbor Capital Advisors Inc. now owns 48,835 shares of the oil and gas company's stock worth $1,209,000 after acquiring an additional 14,367 shares during the period. 97.01% of the stock is owned by institutional investors.

Delek US Price Performance

Shares of DK traded down $0.11 during mid-day trading on Friday, reaching $19.05. The stock had a trading volume of 518,560 shares, compared to its average volume of 1,077,360. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -3.92 and a beta of 1.15. Delek US Holdings, Inc. has a 12 month low of $15.36 and a 12 month high of $33.60. The business has a fifty day moving average of $18.17 and a 200 day moving average of $21.29. 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 (NYSE:DK - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping analysts' consensus estimates of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same period in the previous year, the firm earned $2.02 EPS. The firm's revenue was down 34.3% compared to the same quarter last year. Equities analysts predict that Delek US Holdings, Inc. will post -4.41 EPS for the current year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.35%. Delek US's dividend payout ratio (DPR) is -20.99%.

Wall Street Analysts Forecast Growth

DK has been the topic of a number of analyst reports. Scotiabank dropped their price target 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. Morgan Stanley reduced their price target on Delek US from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, September 16th. StockNews.com cut shares of Delek US from a "hold" rating to a "sell" rating in a research note on Saturday, September 21st. Mizuho upgraded shares of Delek US from an "underperform" rating to a "neutral" rating and reduced their price objective for the company from $28.00 to $26.00 in a research note on Monday, September 16th. Finally, TD Cowen cut their price target on shares of Delek US from $19.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, August 8th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $21.00.

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.