SG Americas Securities LLC Purchases 57,534 Shares of Delek US Holdings, Inc. $DK

SG Americas Securities LLC lifted its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 264.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,292 shares of the oil and gas company’s stock after buying an additional 57,534 shares during the quarter. SG Americas Securities LLC owned about 0.13% of Delek US worth $2,559,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DK. AMG National Trust Bank grew its holdings in Delek US by 0.4% during the 2nd quarter. AMG National Trust Bank now owns 109,223 shares of the oil and gas company’s stock worth $2,313,000 after acquiring an additional 472 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of Delek US by 2.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after purchasing an additional 507 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Delek US by 5.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company’s stock valued at $287,000 after purchasing an additional 686 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Delek US by 8.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company’s stock worth $250,000 after purchasing an additional 955 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Delek US by 3.0% in the second quarter. International Assets Investment Management LLC now owns 35,186 shares of the oil and gas company’s stock worth $745,000 after purchasing an additional 1,029 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, EVP Reuven Spiegel sold 27,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $41.36, for a total value of $1,116,720.00. Following the completion of the sale, the executive vice president directly owned 23,020 shares of the company’s stock, valued at approximately $952,107.20. This represents a 53.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph Israel sold 4,380 shares of Delek US stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $40.94, for a total transaction of $179,317.20. Following the transaction, the executive vice president directly owned 55,761 shares in the company, valued at $2,282,855.34. This represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 59,354 shares of company stock worth $2,446,658. 1.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DK has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Delek US from $28.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a research note on Wednesday, October 8th. UBS Group lifted their price target on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Piper Sandler cut their price objective on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, Wells Fargo & Company boosted their target price on Delek US from $43.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.00.

Delek US Stock Up 0.5%

Shares of NYSE DK opened at $29.65 on Wednesday. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.58. The company has a 50-day moving average price of $34.90 and a 200-day moving average price of $30.74. The stock has a market capitalization of $1.78 billion, a P/E ratio of -3.63 and a beta of 0.81. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $43.50.

Delek US (NYSE:DK) last announced its quarterly earnings results on Friday, November 7th. The oil and gas company reported $7.13 earnings per share for the quarter, beating the consensus estimate of $0.28 by $6.85. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.45) EPS. On average, equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 10th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.02 annualized dividend and a dividend yield of 3.4%. Delek US’s payout ratio is presently -12.50%.

Delek US Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.