Delek US Holdings, Inc. $DK Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lessened its holdings in Delek US Holdings, Inc. (NYSE:DK) by 37.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,057 shares of the oil and gas company’s stock after selling 20,450 shares during the period. Fox Run Management L.L.C. owned about 0.06% of Delek US worth $1,099,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DK. Royal Bank of Canada raised its position in Delek US by 18.4% in the first quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock valued at $4,201,000 after purchasing an additional 43,379 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Delek US in the first quarter valued at about $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Delek US by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 1,102 shares during the period. Jones Financial Companies Lllp lifted its position in Delek US by 3,979.8% during the 1st quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock worth $307,000 after acquiring an additional 19,899 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Delek US by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after acquiring an additional 9,827 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DK shares. Scotiabank set a $34.00 target price on shares of Delek US in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Delek US in a report on Wednesday, January 21st. UBS Group raised their target price on 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 dropped their target price on 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, Mizuho increased their price target on Delek US from $45.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Delek US currently has an average rating of “Hold” and a consensus target price of $38.85.

Delek US Price Performance

DK opened at $33.61 on Thursday. The company has a market capitalization of $2.02 billion, a P/E ratio of -4.12 and a beta of 0.84. The company has a 50-day moving average of $30.86 and a 200-day moving average of $32.44. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.58 and a current ratio of 0.86. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $43.50.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be given a $0.255 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.02 annualized dividend and a dividend yield of 3.0%. Delek US’s dividend payout ratio (DPR) is presently -12.50%.

About Delek US

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.