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

PDT Partners LLC reduced its stake in Delek US Holdings, Inc. (NYSE:DK) by 54.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Delek US by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,605 shares of the oil and gas company’s stock worth $1,279,000 after buying an additional 1,829 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Delek US by 41.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 48,835 shares of the oil and gas company’s stock valued at $1,209,000 after purchasing an additional 14,367 shares during the last quarter. SG Americas Securities LLC raised its position in Delek US by 419.4% in the second quarter. SG Americas Securities LLC now owns 80,297 shares of the oil and gas company’s stock valued at $1,988,000 after purchasing an additional 64,837 shares during the period. Wedge Capital Management L L P NC lifted its stake in Delek US by 16.7% during the second quarter. Wedge Capital Management L L P NC now owns 27,944 shares of the oil and gas company’s stock worth $692,000 after purchasing an additional 4,005 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in shares of Delek US by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock valued at $813,000 after buying an additional 580 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DK. Morgan Stanley lowered their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, September 16th. Mizuho raised shares of Delek US from an “underperform” rating to a “neutral” rating and lowered their price objective for the company from $28.00 to $26.00 in a research note on Monday, September 16th. Wells Fargo & Company cut their target price on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. Piper Sandler decreased their price target on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. cut their price objective on Delek US from $26.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.00.

Delek US Trading Down 0.6 %

NYSE:DK opened at $19.05 on Monday. 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 Holdings, Inc. has a 1 year low of $15.36 and a 1 year high of $33.60. The stock has a market cap of $1.20 billion, a P/E ratio of -3.92 and a beta of 1.15. The stock has a 50-day simple moving average of $18.17 and a 200-day simple moving average of $21.20.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm’s quarterly revenue was down 34.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.02 earnings per share. As a group, analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.35%. Delek US’s dividend payout ratio is currently -20.99%.

Delek US Company 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.