Delek US Holdings, Inc. (NYSE:DK) Holdings Decreased by International Assets Investment Management LLC

International Assets Investment Management LLC cut its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 94.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,852 shares of the oil and gas company's stock after selling 613,655 shares during the quarter. International Assets Investment Management LLC owned about 0.06% of Delek US worth $643,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DK. Quarry LP acquired a new stake in Delek US during the 2nd quarter worth approximately $43,000. Farther Finance Advisors LLC grew its stake in Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company's stock worth $145,000 after buying an additional 1,508 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Delek US in the second quarter worth $223,000. Capstone Investment Advisors LLC purchased a new position in shares of Delek US in the 3rd quarter valued at $193,000. Finally, MQS Management LLC acquired a new position in shares of Delek US during the third quarter worth about $201,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Stock Performance

DK traded up $0.57 during trading hours on Friday, hitting $18.97. 1,304,648 shares of the stock were exchanged, compared to its average volume of 1,100,608. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -3.90 and a beta of 1.22. Delek US Holdings, Inc. has a 12 month low of $15.36 and a 12 month high of $33.60. The stock has a 50-day simple moving average of $18.03 and a 200-day simple moving average of $19.60. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating 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 return on equity of 28.21% and a negative net margin of 2.27%. The business's revenue was down 34.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.02 earnings per share. Analysts anticipate that Delek US Holdings, Inc. will post -4.4 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently declared 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. This represents a $1.02 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Tuesday, November 12th. Delek US's dividend payout ratio (DPR) is -20.99%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DK shares. Bank of America began coverage on shares of Delek US in a research note on Thursday, October 17th. They issued an "underperform" rating and a $15.00 target price for the company. Wells Fargo & Company decreased their price objective on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, December 9th. StockNews.com lowered Delek US from a "hold" rating to a "sell" rating in a research report on Saturday, September 21st. Wolfe Research raised Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, Delek US has a consensus rating of "Hold" and an average target price of $21.00.

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.