SG Americas Securities LLC Reduces Holdings in Delek US Holdings, Inc. (NYSE:DK)

SG Americas Securities LLC trimmed its position in shares of Delek US Holdings, Inc. (NYSE:DKFree Report) by 63.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 45,470 shares of the oil and gas company’s stock after selling 78,708 shares during the quarter. SG Americas Securities LLC’s holdings in Delek US were worth $841,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DK. River Road Asset Management LLC raised its holdings in Delek US by 1.1% in the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock worth $76,880,000 after purchasing an additional 45,949 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Delek US by 17.2% in the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after purchasing an additional 480,614 shares in the last quarter. State Street Corp raised its holdings in Delek US by 8.0% in the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after purchasing an additional 223,110 shares in the last quarter. Rubric Capital Management LP bought a new position in Delek US in the third quarter worth about $37,500,000. Finally, FMR LLC raised its holdings in Delek US by 47.3% in the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after purchasing an additional 548,777 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DK has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Scotiabank cut their price objective on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Mizuho cut their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.00.

Get Our Latest Stock Report on DK

Delek US Trading Up 2.5 %

NYSE:DK opened at $18.59 on Thursday. The firm has a market cap of $1.17 billion, a P/E ratio of -3.82 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The stock’s 50 day simple moving average is $18.34 and its 200-day simple moving average is $19.18. Delek US Holdings, Inc. has a 12-month low of $15.36 and a 12-month high of $33.60.

Delek US (NYSE:DKGet Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the business earned $2.02 earnings per share. The company’s revenue for the quarter was down 34.3% compared to the same quarter last year. Equities analysts anticipate that Delek US Holdings, Inc. will post -5.33 EPS for the current year.

Delek US Company Profile

(Free Report)

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.

See Also

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

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