Amundi Sells 2,238 Shares of Delek US Holdings, Inc. (NYSE:DK)

Amundi cut its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,668 shares of the oil and gas company’s stock after selling 2,238 shares during the quarter. Amundi’s holdings in Delek US were worth $730,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quest Partners LLC raised its holdings in Delek US by 279.4% during the third quarter. Quest Partners LLC now owns 22,163 shares of the oil and gas company’s stock worth $416,000 after acquiring an additional 16,321 shares in the last quarter. Intech Investment Management LLC bought a new stake in Delek US during the third quarter worth about $363,000. Charles Schwab Investment Management Inc. raised its holdings in Delek US by 10.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 721,790 shares of the oil and gas company’s stock worth $13,534,000 after acquiring an additional 68,416 shares in the last quarter. DRW Securities LLC bought a new stake in Delek US during the third quarter worth about $1,782,000. Finally, FMR LLC increased its position in Delek US by 47.3% during the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after buying an additional 548,777 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Mizuho cut their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, Morgan Stanley cut their price objective on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. Five equities research analysts have rated the stock with a sell rating and six have assigned 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 $20.30.

Delek US Stock Performance

Shares of NYSE:DK opened at $17.16 on Thursday. The company’s 50 day moving average price is $17.49 and its two-hundred day moving average price is $18.02. Delek US Holdings, Inc. has a 12-month low of $13.40 and a 12-month high of $33.60. The firm has a market cap of $1.07 billion, a PE ratio of -3.53 and a beta of 1.14. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the company earned ($1.46) EPS. The business’s revenue for the quarter was down 39.8% on a year-over-year basis. Equities research analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced 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 5.94%. The ex-dividend date was Monday, March 3rd. Delek US’s payout ratio is presently -11.54%.

Insider Activity

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 49,138 shares of the company’s stock, valued at $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders bought 5,055 shares of company stock worth $70,787. 1.80% of the stock is currently 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.