SG Americas Securities LLC Sells 78,708 Shares of Delek US Holdings, Inc. (NYSE:DK)

SG Americas Securities LLC reduced its stake in Delek US Holdings, Inc. (NYSE:DK) by 63.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 owned 0.07% of Delek US worth $841,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Rubric Capital Management LP acquired a new position in shares of Delek US during the 3rd quarter worth about $37,500,000. Philosophy Capital Management LLC acquired a new position in shares of Delek US during the 3rd quarter worth about $21,471,000. International Assets Investment Management LLC increased its stake in shares of Delek US by 1,753.2% during the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock worth $12,160,000 after purchasing an additional 613,514 shares during the last quarter. FMR LLC increased its stake in shares of Delek US by 47.3% during the 3rd 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 during the last quarter. Finally, Barclays PLC increased its stake in shares of Delek US by 51.5% during the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock worth $28,065,000 after purchasing an additional 508,719 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Delek US Trading Up 2.5 %

Shares of DK opened at $18.59 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a twelve month low of $15.36 and a twelve month high of $33.60. The stock has a market capitalization of $1.17 billion, a P/E ratio of -3.82 and a beta of 1.22. The firm has a fifty day simple moving average of $18.34 and a two-hundred day simple moving average of $19.18.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company’s revenue for the quarter was down 34.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.02 EPS. On average, research analysts anticipate that Delek US Holdings, Inc. will post -5.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DK shares. Wells Fargo & Company decreased their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted 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 raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Bank of America assumed coverage on shares of Delek US in a report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective for the company. Finally, Mizuho cut their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Five research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.00.

Delek US 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.