GSA Capital Partners LLP Has $3.56 Million Stock Holdings in Delek US Holdings, Inc. $DK

GSA Capital Partners LLP grew its position in Delek US Holdings, Inc. (NYSE:DK) by 727.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,119 shares of the oil and gas company’s stock after purchasing an additional 105,601 shares during the period. Delek US comprises about 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 12th largest position. GSA Capital Partners LLP’s holdings in Delek US were worth $3,563,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DK. Orion Porfolio Solutions LLC raised its holdings in shares of Delek US by 2.2% during the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 507 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Delek US by 0.9% during the third quarter. Alliancebernstein L.P. now owns 66,005 shares of the oil and gas company’s stock worth $2,130,000 after acquiring an additional 573 shares during the period. ProShare Advisors LLC raised its holdings in shares of Delek US by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 10,916 shares of the oil and gas company’s stock worth $324,000 after acquiring an additional 702 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Delek US during the third quarter worth $27,000. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Delek US by 8.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company’s stock worth $250,000 after acquiring an additional 955 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Shlomo Zohar sold 22,029 shares of Delek US stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $44.83, for a total value of $987,560.07. Following the completion of the transaction, the director owned 18,989 shares of the company’s stock, valued at $851,276.87. This trade represents a 53.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Reuven Spiegel sold 20,000 shares of Delek US stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.84, for a total transaction of $856,800.00. Following the completion of the transaction, the executive vice president directly owned 48,530 shares of the company’s stock, valued at approximately $2,079,025.20. This trade represents a 29.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 182,815 shares of company stock worth $7,762,000. Corporate insiders own 3.56% of the company’s stock.

Analysts Set New Price Targets

DK has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Monday. TD Cowen dropped their price objective on shares of Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Wells Fargo & Company raised their price objective on shares of Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. UBS Group raised their price objective on shares of Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Finally, Raymond James Financial raised their price objective on shares of Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Delek US presently has an average rating of “Hold” and a consensus target price of $44.23.

Delek US Price Performance

Shares of NYSE DK opened at $45.45 on Tuesday. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of -49.95, a PEG ratio of 0.34 and a beta of 0.63. The business has a 50-day moving average of $43.23 and a 200-day moving average of $37.44. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. Delek US Holdings, Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $49.50.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($1.42) by $1.50. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.Delek US’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned ($2.32) EPS. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s dividend payout ratio (DPR) is -112.09%.

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.