Raymond James & Associates Sells 17,251 Shares of Delek US Holdings, Inc. (NYSE:DK)

Raymond James & Associates lessened its holdings in Delek US Holdings, Inc. (NYSE:DK) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 486,875 shares of the oil and gas company’s stock after selling 17,251 shares during the quarter. Raymond James & Associates owned 0.76% of Delek US worth $9,129,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Quarry LP bought a new position in Delek US in the second quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Delek US in the 1st quarter valued at approximately $172,000. Bailard Inc. acquired a new stake in shares of Delek US in the 2nd quarter valued at approximately $201,000. Capstone Investment Advisors LLC acquired a new position in Delek US during the first quarter worth $265,000. Finally, Chesapeake Capital Corp IL acquired a new position in Delek US during the second quarter worth $223,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. TD Cowen reduced their price target on Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Wolfe Research started coverage on Delek US in a research note on Thursday, July 18th. They issued an “underperform” rating and a $19.00 price objective on the stock. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and reduced their target price for the stock from $28.00 to $26.00 in a research note on Monday, September 16th. Finally, Morgan Stanley decreased their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Delek US Price Performance

Shares of DK stock opened at $16.02 on Wednesday. Delek US Holdings, Inc. has a twelve month low of $15.95 and a twelve month high of $33.60. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50. The business has a fifty day simple moving average of $19.06 and a 200 day simple moving average of $22.92. The company has a market cap of $1.03 billion, a P/E ratio of -12.92 and a beta of 1.13.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.50. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.31 billion. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The firm’s revenue was down 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. On average, sell-side analysts forecast that Delek US Holdings, Inc. will post -3.79 EPS for the current fiscal year.

Insider Buying and Selling at Delek US

In other news, CEO Avigal Soreq purchased 5,651 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the transaction, the chief executive officer now owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% 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.