Geode Capital Management LLC Sells 15,089 Shares of Delek US Holdings, Inc. (NYSE:DK)

Geode Capital Management LLC decreased its position in Delek US Holdings, Inc. (NYSE:DK) by 1.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,444,212 shares of the oil and gas company’s stock after selling 15,089 shares during the period. Geode Capital Management LLC owned about 2.29% of Delek US worth $26,724,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the business. 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. ARS Investment Partners LLC acquired a new position in Delek US in the 4th quarter valued at approximately $185,000. Abel Hall LLC acquired a new stake in shares of Delek US during the fourth quarter worth $196,000. XTX Topco Ltd bought a new stake in Delek US in the third quarter worth approximately $238,000. Finally, Diametric Capital LP bought a new stake in Delek US in the fourth quarter valued at $251,000. Institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

DK stock opened at $12.87 on Friday. The firm has a 50-day moving average of $15.19 and a 200 day moving average of $17.16. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company has a market cap of $804.67 million, a P/E ratio of -2.65 and a beta of 1.04. Delek US Holdings, Inc. has a 1 year low of $11.03 and a 1 year high of $30.22.

Delek US (NYSE:DK) last released its quarterly earnings data 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 firm 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 firm’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.46) earnings per share. On average, sell-side analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 7.92%. Delek US’s dividend payout ratio is currently -11.54%.

Wall Street Analyst Weigh In

DK has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Mizuho lowered their price target on shares of Delek US from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Raymond James lowered their target price 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. Finally, Scotiabank dropped their target price on Delek US from $24.00 to $14.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Delek US has a consensus rating of “Hold” and an average target price of $17.48.

Insider Buying and Selling at Delek US

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $673,190.60. The trade was a 6.04 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders purchased 5,055 shares of company stock valued at $70,787. Company insiders own 1.90% of the company’s stock.

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.