PDT Partners LLC Lowers Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

PDT Partners LLC cut its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 54.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,872 shares of the oil and gas company's stock after selling 92,874 shares during the quarter. PDT Partners LLC owned approximately 0.12% of Delek US worth $1,460,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quarry LP purchased a new position in shares of Delek US in the 2nd quarter valued at about $43,000. Farther Finance Advisors LLC raised its stake in shares of 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 buying an additional 1,508 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of Delek US during the 3rd quarter valued at approximately $193,000. Bailard Inc. acquired a new stake in Delek US in the 2nd quarter valued at $201,000. Finally, MQS Management LLC acquired a new position in Delek US during the third quarter worth $201,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Trading Up 4.5 %

NYSE:DK traded up $0.85 on Monday, hitting $19.90. The stock had a trading volume of 1,124,708 shares, compared to its average volume of 1,077,563. The company has a fifty day moving average price of $18.17 and a two-hundred day moving average price of $21.15. Delek US Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -4.09 and a beta of 1.15.

Delek US (NYSE:DK - Get Free Report) last issued 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. 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 during the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the business posted $2.02 earnings per share. The firm's revenue for the quarter was down 34.3% compared to the same quarter last year. Equities research analysts expect that Delek US Holdings, Inc. will post -4.41 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.13%. Delek US's dividend payout ratio (DPR) is currently -20.99%.

Analysts Set New Price Targets

A number of research firms have recently commented on DK. JPMorgan Chase & Co. cut their target price on shares of Delek US from $26.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, October 2nd. TD Cowen cut their price objective on Delek US from $19.00 to $18.00 and set a "sell" rating for the company in a research note on Thursday, August 8th. Piper Sandler decreased their target price on Delek US from $25.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday, September 20th. Morgan Stanley dropped their price target on Delek US from $24.00 to $22.00 and set an "underweight" rating for the company in a research report on Monday, September 16th. Finally, StockNews.com lowered Delek US from a "hold" rating to a "sell" rating in a report on Saturday, September 21st. Six analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.