International Assets Investment Management LLC Sells 1,030 Shares of Delek US Holdings, Inc. (NYSE:DK)

International Assets Investment Management LLC decreased its position in shares of Delek US Holdings, Inc. (NYSE:DKFree Report) by 2.8% in the 1st quarter, HoldingsChannel reports. The firm owned 35,318 shares of the oil and gas company’s stock after selling 1,030 shares during the quarter. International Assets Investment Management LLC’s holdings in Delek US were worth $1,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DK. Spirit of America Management Corp NY bought a new stake in Delek US during the fourth quarter worth about $26,000. Strs Ohio bought a new stake in Delek US during the fourth quarter worth about $95,000. TFO Wealth Partners LLC lifted its position in Delek US by 627,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 6,274 shares during the period. First Hawaiian Bank bought a new position in shares of Delek US in the fourth quarter worth about $203,000. Finally, Diversified Trust Co bought a new position in shares of Delek US in the fourth quarter worth about $241,000. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Delek US

In other Delek US news, Director Richard J. Marcogliese bought 2,750 shares of the stock in a transaction dated Wednesday, June 12th. The shares were bought at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the purchase, the director now directly owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold 2,854 shares of company stock worth $78,241 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DK shares. Mizuho dropped their target price on shares of Delek US from $31.00 to $27.00 and set an “underperform” rating for the company in a report on Thursday. Bank of America upped their price objective on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Wells Fargo & Company lowered their price objective on Delek US from $26.00 to $25.00 and set an “underweight” rating for the company in a research note on Thursday, June 6th. TD Cowen downgraded Delek US from a “hold” rating to a “sell” rating and lowered their price objective for the company from $25.00 to $20.00 in a research note on Monday, June 10th. Finally, Piper Sandler decreased their target price on shares of Delek US from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. Five investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.00.

Read Our Latest Analysis on DK

Delek US Trading Down 0.6 %

Shares of DK stock traded down $0.15 during trading hours on Friday, hitting $24.15. 1,563,912 shares of the company were exchanged, compared to its average volume of 746,586. Delek US Holdings, Inc. has a fifty-two week low of $21.68 and a fifty-two week high of $33.60. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.64 and a current ratio of 1.04. The company has a 50 day simple moving average of $27.01 and a two-hundred day simple moving average of $27.31.

Delek US (NYSE:DKGet Free Report) last issued its earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the business earned $1.37 EPS. Delek US’s quarterly revenue was down 17.8% compared to the same quarter last year. On average, research analysts forecast that Delek US Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 17th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 16th. This is a boost from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a yield of 4.14%. Delek US’s dividend payout ratio (DPR) is -80.65%.

Delek US Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Delek US (NYSE:DK)

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