Trexquant Investment LP Reduces Holdings in Delek US Holdings, Inc. (NYSE:DK)

Trexquant Investment LP lowered its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 69.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,914 shares of the oil and gas company's stock after selling 134,245 shares during the quarter. Trexquant Investment LP owned about 0.09% of Delek US worth $1,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC increased its position in shares of Delek US by 51.5% during the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock worth $28,065,000 after acquiring an additional 508,719 shares in the last quarter. Norges Bank bought a new position in shares of Delek US in the fourth quarter valued at approximately $6,815,000. Raymond James Financial Inc. bought a new position in Delek US during the 4th quarter valued at $5,100,000. Kawa Capital Management Inc bought a new stake in shares of Delek US in the 4th quarter worth $4,297,000. Finally, State Street Corp lifted its position in shares of Delek US by 8.0% during the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company's stock valued at $56,612,000 after purchasing an additional 223,110 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was 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 directly owns 49,138 shares of the company's stock, valued at approximately $673,190.60. This represents a 6.04 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 5,055 shares of company stock worth $70,787. 1.90% of the stock is currently owned by corporate insiders.

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Delek US Price Performance

Shares of Delek US stock traded up $0.38 during trading on Wednesday, hitting $12.52. The stock had a trading volume of 128,422 shares, compared to its average volume of 1,204,895. The firm has a market cap of $782.54 million, a price-to-earnings ratio of -2.58 and a beta of 1.04. Delek US Holdings, Inc. has a 12 month low of $11.03 and a 12 month high of $30.85. The business's 50-day moving average is $15.45 and its 200 day moving average is $17.24. 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 (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business's revenue was down 39.8% compared to the same quarter last year. During the same quarter last year, the business posted ($1.46) EPS. As a group, sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 8.15%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US's dividend payout ratio (DPR) is currently -11.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DK. Raymond James cut their target price on Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler reduced their price target on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Mizuho lowered their price objective on shares of Delek US from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Finally, UBS Group lowered their price target on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $17.48.

Delek US 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.