Delek US Holdings, Inc. (NYSE:DK) Shares Sold by Capula Management Ltd

Capula Management Ltd lessened its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 60.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,344 shares of the oil and gas company's stock after selling 26,601 shares during the quarter. Capula Management Ltd's holdings in Delek US were worth $321,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Delek US by 37.3% during the fourth quarter. Russell Investments Group Ltd. now owns 333,285 shares of the oil and gas company's stock worth $6,165,000 after purchasing an additional 90,487 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Delek US by 116.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 186,767 shares of the oil and gas company's stock worth $3,455,000 after buying an additional 100,300 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Delek US by 33.0% during the 4th quarter. Wells Fargo & Company MN now owns 35,531 shares of the oil and gas company's stock valued at $657,000 after buying an additional 8,824 shares during the period. Rangeley Capital LLC acquired a new position in Delek US in the fourth quarter valued at approximately $6,179,000. Finally, Diametric Capital LP purchased a new position in Delek US in the fourth quarter worth approximately $251,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Stock Up 3.3 %

NYSE:DK traded up $0.40 during midday trading on Friday, reaching $12.48. The company had a trading volume of 1,389,448 shares, compared to its average volume of 1,210,010. The stock's fifty day simple moving average is $15.72 and its 200-day simple moving average is $17.32. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 12-month low of $11.03 and a 12-month high of $31.55. The firm has a market capitalization of $779.97 million, a price-to-earnings ratio of -2.57 and a beta of 1.04.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business's quarterly revenue was down 39.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.46) earnings per share. On average, sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 8.18%. Delek US's payout ratio is -11.54%.

Insider Transactions at Delek US

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $13.70 per share, with a total value of $38,360.00. Following the transaction, the chief financial officer now owns 49,138 shares of the company's stock, valued at approximately $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders bought 5,055 shares of company stock valued at $70,787. Insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley decreased their price target on Delek US from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Scotiabank decreased their target price on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday. Wells Fargo & Company lifted their price target on shares of Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Finally, UBS Group lowered their price objective on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research report on Wednesday. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.93.

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.