SG Americas Securities LLC Sells 78,708 Shares of Delek US Holdings, Inc. (NYSE:DK)

SG Americas Securities LLC lowered its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 63.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 45,470 shares of the oil and gas company's stock after selling 78,708 shares during the period. SG Americas Securities LLC owned 0.07% of Delek US worth $841,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DK. Clear Harbor Asset Management LLC acquired a new position in Delek US during the 4th quarter worth $920,000. ARS Investment Partners LLC acquired a new position in Delek US during the 4th quarter valued at about $185,000. Wedge Capital Management L L P NC raised its position in shares of Delek US by 8.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 31,856 shares of the oil and gas company's stock worth $589,000 after buying an additional 2,493 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Delek US by 76.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company's stock worth $9,041,000 after acquiring an additional 209,474 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Delek US by 4.5% in the third quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company's stock valued at $27,368,000 after acquiring an additional 63,502 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

DK has been the subject of several analyst reports. Scotiabank reduced their target price on Delek US from $25.00 to $22.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Bank of America started coverage on shares of Delek US in a research note on Thursday, October 17th. They set an "underperform" rating and a $15.00 price objective for the company. Mizuho dropped their target price on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. upped their price target on shares of Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, Delek US presently has an average rating of "Hold" and an average price target of $21.00.

Delek US Stock Performance

DK stock traded down $0.29 during midday trading on Thursday, hitting $18.32. The stock had a trading volume of 521,541 shares, compared to its average volume of 1,053,296. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -3.77 and a beta of 1.22. 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 52 week low of $15.36 and a 52 week high of $33.60. The stock has a 50-day simple moving average of $18.35 and a 200 day simple moving average of $19.17.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) 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 firm 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 company posted $2.02 earnings per share. The business's revenue for the quarter was down 34.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Delek US Holdings, Inc. will post -5.33 earnings per share for the current year.

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.