Virtu KCG Holdings LLC Trims Stake in Delek US Holdings, Inc. (DK)

Virtu KCG Holdings LLC trimmed its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 26.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,569 shares of the oil and gas company’s stock after selling 8,923 shares during the period. Virtu KCG Holdings LLC’s holdings in Delek US Holdings were worth $650,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DK. Bank of New York Mellon Corp grew its position in Delek US Holdings by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 638,529 shares of the oil and gas company’s stock valued at $15,497,000 after buying an additional 10,684 shares in the last quarter. Swiss National Bank grew its position in Delek US Holdings by 3.0% in the 1st quarter. Swiss National Bank now owns 81,400 shares of the oil and gas company’s stock valued at $1,976,000 after buying an additional 2,400 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Delek US Holdings by 6,177.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,241,075 shares of the oil and gas company’s stock valued at $54,391,000 after purchasing an additional 2,205,372 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Delek US Holdings by 31.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 211,005 shares of the oil and gas company’s stock valued at $5,121,000 after purchasing an additional 50,658 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its position in shares of Delek US Holdings by 6.3% during the 1st quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock valued at $222,000 after purchasing an additional 545 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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Several research analysts have commented on DK shares. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $28.00 target price on shares of Delek US Holdings in a report on Tuesday, July 11th. Wolfe Research upgraded shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 25th. Zacks Investment Research cut shares of Delek US Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. BidaskClub raised shares of Delek US Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $28.00 price target on shares of Delek US Holdings in a research report on Wednesday, July 5th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Delek US Holdings has a consensus rating of “Hold” and a consensus price target of $29.00.

Shares of Delek US Holdings, Inc. (NYSE:DK) opened at 26.33 on Tuesday. The firm’s market cap is $2.14 billion. The stock has a 50 day moving average of $25.82 and a 200 day moving average of $24.96. Delek US Holdings, Inc. has a 52 week low of $14.76 and a 52 week high of $27.85.

Delek US Holdings (NYSE:DK) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.37). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. Equities analysts forecast that Delek US Holdings, Inc. will post $0.28 earnings per share for the current year.

In related news, insider Daniel L. Gordon sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total transaction of $26,160.00. Following the sale, the insider now directly owns 18,572 shares in the company, valued at approximately $485,843.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anthony L. Miller sold 1,509 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $26.28, for a total value of $39,656.52. Following the transaction, the insider now owns 11,370 shares of the company’s stock, valued at $298,803.60. The disclosure for this sale can be found here. Insiders have sold 10,027 shares of company stock worth $249,830 over the last quarter. 1.61% of the stock is currently owned by corporate insiders.

Delek US Holdings Company Profile

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

Institutional Ownership by Quarter for Delek US Holdings (NYSE:DK)

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