Quest Partners LLC Has $145,000 Position in Delek US Holdings, Inc. (NYSE:DK)

Quest Partners LLC cut its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,842 shares of the oil and gas company’s stock after selling 1,437 shares during the quarter. Quest Partners LLC’s holdings in Delek US were worth $145,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DK. Charles Schwab Investment Management Inc. grew its position in shares of Delek US by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 620,957 shares of the oil and gas company’s stock worth $16,021,000 after purchasing an additional 13,238 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Delek US in the fourth quarter worth $395,000. Dimensional Fund Advisors LP boosted its holdings in Delek US by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,139,059 shares of the oil and gas company’s stock worth $106,790,000 after acquiring an additional 59,537 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Delek US by 10.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 65,508 shares of the oil and gas company’s stock worth $1,690,000 after acquiring an additional 6,398 shares in the last quarter. Finally, Norges Bank acquired a new stake in Delek US in the fourth quarter valued at approximately $16,341,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Trading Up 0.1 %

Shares of NYSE:DK opened at $19.42 on Tuesday. The stock’s 50-day simple moving average is $21.18 and its two-hundred day simple moving average is $25.31. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -15.66 and a beta of 1.14. Delek US Holdings, Inc. has a 52-week low of $18.35 and a 52-week high of $33.60.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the firm earned $1.00 EPS. The company’s revenue was down 18.4% on a year-over-year basis. Analysts expect that Delek US Holdings, Inc. will post -2.87 EPS for the current year.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a $0.255 dividend. The ex-dividend date was Monday, August 12th. This is an increase from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.25%. Delek US’s payout ratio is -82.26%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wolfe Research began coverage on Delek US in a research report on Thursday, July 18th. They set an “underperform” rating and a $19.00 target price on the stock. Wells Fargo & Company increased their price target on Delek US from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Tuesday, September 3rd. Mizuho raised shares of Delek US from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $28.00 to $26.00 in a research report on Monday. StockNews.com upgraded shares of Delek US from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Scotiabank cut their price target on Delek US from $27.00 to $25.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.27.

Insiders Place Their Bets

In other news, CEO Avigal Soreq acquired 5,651 shares of Delek US stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of $20.42 per share, with a total value of $115,393.42. Following the transaction, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

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.