Renaissance Technologies LLC Sells 432,500 Shares of Delek US Holdings, Inc. $DK

Renaissance Technologies LLC lowered its stake in Delek US Holdings, Inc. (NYSE:DK) by 73.1% during the 1st quarter, HoldingsChannel reports. The firm owned 159,269 shares of the oil and gas company’s stock after selling 432,500 shares during the period. Renaissance Technologies LLC’s holdings in Delek US were worth $7,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC lifted its holdings in shares of Delek US by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after buying an additional 348 shares during the period. New York State Common Retirement Fund increased its position in Delek US by 1.8% during the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock valued at $654,000 after acquiring an additional 400 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in Delek US by 23.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 425 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 432 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its holdings in Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after acquiring an additional 507 shares during the period. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

NYSE:DK opened at $66.05 on Wednesday. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. The stock has a 50-day simple moving average of $53.34 and a two-hundred day simple moving average of $44.22. The firm has a market capitalization of $4.05 billion, a PE ratio of -72.58, a P/E/G ratio of 1.74 and a beta of 0.57. Delek US Holdings, Inc. has a 52-week low of $19.81 and a 52-week high of $68.93.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be paid a dividend of $0.255 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.5%. Delek US’s payout ratio is -112.09%.

Insider Activity at Delek US

In related news, Director William J. Finnerty sold 5,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $51.50, for a total value of $257,500.00. Following the completion of the sale, the director directly owned 34,805 shares of the company’s stock, valued at approximately $1,792,457.50. This represents a 12.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky Sutil sold 3,061 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $46.00, for a total transaction of $140,806.00. Following the sale, the director owned 31,239 shares in the company, valued at approximately $1,436,994. The trade was a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,270 shares of company stock worth $1,828,718 in the last quarter. 3.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DK has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target on Delek US from $58.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. TD Cowen upped their target price on shares of Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Raymond James Financial increased their price target on shares of Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Delek US currently has a consensus rating of “Hold” and a consensus target price of $51.92.

Delek US Company 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.