Thoroughbred Financial Services LLC Sells 10,298 Shares of Delek US Holdings, Inc. (NYSE:DK)

Thoroughbred Financial Services LLC trimmed its stake in Delek US Holdings, Inc. (NYSE:DK) by 22.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,231 shares of the oil and gas company’s stock after selling 10,298 shares during the quarter. Thoroughbred Financial Services LLC owned 0.06% of Delek US worth $670,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DK. Rangeley Capital LLC bought a new stake in shares of Delek US in the 4th quarter worth $6,179,000. Diametric Capital LP bought a new stake in Delek US during the fourth quarter valued at approximately $251,000. Kawa Capital Management Inc bought a new stake in shares of Delek US during the 4th quarter valued at $4,297,000. Norges Bank bought a new position in Delek US in the 4th quarter worth $6,815,000. Finally, Easterly Investment Partners LLC lifted its position in shares of Delek US by 2.9% during the 4th quarter. Easterly Investment Partners LLC now owns 765,249 shares of the oil and gas company’s stock valued at $14,157,000 after buying an additional 21,210 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Mizuho lowered their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Piper Sandler lowered their price objective on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Wells Fargo & Company raised their price objective on Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Friday, March 21st. Finally, Morgan Stanley lowered their target price on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, March 14th. Five analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.11.

Delek US Price Performance

DK opened at $12.07 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The business’s fifty day simple moving average is $16.57 and its 200-day simple moving average is $17.67. The company has a market capitalization of $754.22 million, a price-to-earnings ratio of -2.48 and a beta of 1.14. Delek US Holdings, Inc. has a 12-month low of $11.03 and a 12-month high of $33.27.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period last year, the business posted ($1.46) EPS. The company’s revenue for the quarter was down 39.8% on a year-over-year basis. On average, equities research analysts anticipate that Delek US Holdings, Inc. will post -5.5 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, March 10th. Stockholders of record on Monday, March 3rd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 8.45%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s payout ratio is -11.54%.

Insiders Place Their Bets

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the purchase, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. This represents a 6.04 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 5,055 shares of company stock worth $70,787. 1.80% of the stock is owned by corporate insiders.

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.