Renaissance Technologies LLC Trims Stock Position in Delek US Holdings, Inc. (NYSE:DK)

Renaissance Technologies LLC lowered its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 570,469 shares of the oil and gas company's stock after selling 146,500 shares during the quarter. Renaissance Technologies LLC owned 0.90% of Delek US worth $10,554,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sei Investments Co. increased its stake in shares of Delek US by 2.3% during the 4th quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock worth $973,000 after purchasing an additional 1,192 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company's stock valued at $342,000 after buying an additional 1,292 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Delek US by 8.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,500 shares of the oil and gas company's stock worth $361,000 after acquiring an additional 1,464 shares during the period. KBC Group NV raised its stake in Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 1,538 shares during the period. Finally, Swiss National Bank lifted its holdings in Delek US by 1.3% during the fourth quarter. Swiss National Bank now owns 126,891 shares of the oil and gas company's stock valued at $2,347,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Stock Up 5.8 %

Shares of Delek US stock traded up $0.70 during trading on Friday, hitting $12.87. The company's stock had a trading volume of 1,192,238 shares, compared to its average volume of 1,216,839. Delek US Holdings, Inc. has a 52 week low of $11.03 and a 52 week high of $30.13. The company has a market capitalization of $804.67 million, a PE ratio of -2.65 and a beta of 1.04. The company has a fifty day simple moving average of $15.06 and a two-hundred day simple moving average of $17.11. 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 announced its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share 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%. Delek US's revenue for the quarter was down 39.8% on a year-over-year basis. During the same period in the prior year, the business posted ($1.46) EPS. Equities research analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid 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 7.92%. Delek US's dividend payout ratio is currently -11.54%.

Insider Activity

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 5,055 shares of company stock worth $70,787 over the last three months. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DK shares. Raymond James dropped their price target on shares of 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 decreased their target price on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company dropped their price objective on shares of Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a report on Wednesday. Scotiabank dropped their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, Mizuho decreased 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. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.48.

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.