Clifford Capital Partners LLC Has $19.58 Million Position in Delek US Holdings, Inc. $DK

Clifford Capital Partners LLC lessened its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 24.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 606,659 shares of the oil and gas company’s stock after selling 200,590 shares during the period. Delek US makes up 3.4% of Clifford Capital Partners LLC’s portfolio, making the stock its 16th biggest position. Clifford Capital Partners LLC owned approximately 1.01% of Delek US worth $19,577,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DK. TD Cowen raised their price objective on shares of Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday, March 5th. Piper Sandler reduced their target price on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Wall Street Zen upgraded Delek US from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Scotiabank set a $34.00 price target on Delek US in a research note on Friday, January 16th. Finally, Citigroup reduced their price objective on Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Delek US currently has a consensus rating of “Hold” and a consensus price target of $39.46.

Delek US Trading Down 0.6%

Delek US stock opened at $41.70 on Friday. The stock has a 50-day simple moving average of $33.53 and a 200 day simple moving average of $33.96. The stock has a market capitalization of $2.49 billion, a P/E ratio of -119.13, a PEG ratio of 18.38 and a beta of 0.75. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $45.74.

Delek US (NYSE:DK) last released its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.63. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the company earned ($2.54) earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, March 2nd. Delek US’s dividend payout ratio is -291.43%.

Insider Buying and Selling at Delek US

In other Delek US news, CEO Avigal Soreq sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $41.08, for a total value of $2,054,000.00. Following the transaction, the chief executive officer directly owned 251,678 shares in the company, valued at $10,338,932.24. The trade was a 16.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph Israel sold 38,000 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $40.65, for a total transaction of $1,544,700.00. Following the completion of the transaction, the executive vice president directly owned 55,623 shares in the company, valued at $2,261,074.95. The trade was a 40.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 147,764 shares of company stock worth $6,196,667. 1.80% of the stock is currently owned by corporate insiders.

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.