BNP Paribas Financial Markets Has $13.15 Million Position in Delek US Holdings, Inc. $DK

BNP Paribas Financial Markets lowered its stake in Delek US Holdings, Inc. (NYSE:DK) by 27.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 443,465 shares of the oil and gas company’s stock after selling 169,620 shares during the quarter. BNP Paribas Financial Markets’ holdings in Delek US were worth $13,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in Delek US in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its stake in Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 614 shares during the last quarter. Torren Management LLC bought a new position in Delek US in the fourth quarter valued at approximately $40,000. Focus Partners Wealth bought a new position in Delek US in the third quarter valued at approximately $44,000. Finally, Aster Capital Management DIFC Ltd bought a new position in Delek US in the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Transactions at Delek US

In related news, EVP Denise Clark Mcwatters sold 11,988 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $41.33, for a total transaction of $495,464.04. Following the sale, the executive vice president directly owned 74,196 shares in the company, valued at $3,066,520.68. This trade represents a 13.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert G. Wright sold 10,720 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $47.07, for a total transaction of $504,590.40. Following the sale, the executive vice president owned 48,148 shares in the company, valued at approximately $2,266,326.36. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 58,601 shares of company stock valued at $2,631,960. 3.56% of the stock is currently owned by insiders.

Delek US Trading Up 0.2%

Shares of NYSE DK opened at $48.36 on Monday. The company’s fifty day moving average is $43.85 and its 200-day moving average is $37.97. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of -53.14, a P/E/G ratio of 0.33 and a beta of 0.60. Delek US Holdings, Inc. has a twelve month low of $18.94 and a twelve month high of $49.50. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the firm posted ($2.32) earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts predict that Delek US Holdings, Inc. will post 4.96 EPS for the current year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were paid a $0.255 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a yield of 2.1%. Delek US’s payout ratio is presently -112.09%.

Analyst Ratings Changes

DK has been the topic of a number of recent research reports. Mizuho raised their price objective on shares of Delek US from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group raised shares of Delek US from a “neutral” rating to a “buy” rating and raised their price objective for the company from $43.00 to $55.00 in a research note on Friday, April 10th. Raymond James Financial raised their price objective on shares of Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Citigroup raised their price objective on shares of Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Finally, Morgan Stanley set a $41.00 price objective on shares of Delek US in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Delek US has a consensus rating of “Hold” and an average price target of $44.69.

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.