Delek US Holdings, Inc. (NYSE:DK) Shares Acquired by Seven Eight Capital LP

Seven Eight Capital LP lifted its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 304.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,777 shares of the oil and gas company’s stock after acquiring an additional 30,707 shares during the period. Seven Eight Capital LP owned 0.06% of Delek US worth $1,010,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SummerHaven Investment Management LLC lifted its stake in shares of Delek US by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after acquiring an additional 580 shares during the period. Shell Asset Management Co. lifted its position in Delek US by 6.8% in the first quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company’s stock valued at $304,000 after purchasing an additional 628 shares during the period. ProShare Advisors LLC boosted its holdings in Delek US by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 11,412 shares of the oil and gas company’s stock valued at $351,000 after purchasing an additional 754 shares in the last quarter. Thoroughbred Financial Services LLC increased its position in Delek US by 2.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock worth $1,247,000 after purchasing an additional 1,246 shares during the period. Finally, SYSTM Wealth Solutions LLC raised its stake in shares of Delek US by 5.1% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 28,017 shares of the oil and gas company’s stock worth $861,000 after buying an additional 1,370 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and dropped their price objective for the stock from $28.00 to $26.00 in a report on Monday, September 16th. Wells Fargo & Company raised their price objective on shares of Delek US from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upgraded shares of Delek US from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $23.00 to $26.00 in a research report on Tuesday, September 10th. StockNews.com downgraded shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Morgan Stanley lowered their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.73.

Insiders Place Their Bets

In other Delek US news, CEO Avigal Soreq acquired 5,651 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $20.42 per share, with a total value of $115,393.42. Following the completion of the transaction, the chief executive officer now directly owns 188,881 shares in the company, valued at $3,856,950.02. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Delek US Stock Performance

NYSE DK opened at $19.72 on Friday. 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 stock has a market cap of $1.26 billion, a price-to-earnings ratio of -15.90 and a beta of 1.14. Delek US Holdings, Inc. has a fifty-two week low of $18.35 and a fifty-two week high of $33.60. The business has a fifty day moving average of $20.98 and a 200-day moving average of $25.16.

Delek US (NYSE:DK) last released its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was down 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. As a group, analysts predict that Delek US Holdings, Inc. will post -2.87 earnings per share for the current fiscal year.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders 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 annualized dividend and a yield of 5.17%. Delek US’s payout ratio is -82.26%.

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.