DRW Securities LLC Purchases New Position in Delek US Holdings, Inc. (NYSE:DK)

DRW Securities LLC purchased a new stake in Delek US Holdings, Inc. (NYSE:DK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 95,056 shares of the oil and gas company’s stock, valued at approximately $1,782,000. DRW Securities LLC owned about 0.15% of Delek US as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Delek US in the 2nd quarter valued at about $43,000. Farther Finance Advisors LLC lifted its stake in Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 1,508 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Delek US in the second quarter valued at approximately $201,000. MQS Management LLC acquired a new stake in shares of Delek US in the third quarter valued at approximately $201,000. Finally, Chesapeake Capital Corp IL acquired a new position in shares of Delek US in the 2nd quarter valued at $223,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Performance

DK stock opened at $18.60 on Monday. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company’s 50-day moving average price is $18.24 and its 200 day moving average price is $21.50. Delek US Holdings, Inc. has a 52 week low of $15.36 and a 52 week high of $33.60.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company’s revenue was down 34.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.02 EPS. On average, equities analysts expect that Delek US Holdings, Inc. will post -4.4 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio is currently -20.99%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DK shares. Bank of America assumed coverage on shares of Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price objective on the stock. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and dropped their price target for the company from $28.00 to $26.00 in a research report on Monday, September 16th. Scotiabank decreased their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Morgan Stanley decreased their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, September 16th. Finally, Wells Fargo & Company lowered their target price on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.00.

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.