Peregrine Capital Management LLC Sells 856 Shares of Delek US Holdings, Inc. (NYSE:DK)

Peregrine Capital Management LLC reduced its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 249,036 shares of the oil and gas company’s stock after selling 856 shares during the quarter. Peregrine Capital Management LLC owned 0.39% of Delek US worth $6,166,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DK. F M Investments LLC purchased a new position in shares of Delek US during the 2nd quarter valued at about $4,304,000. Burney Co. purchased a new position in Delek US in the 2nd quarter worth approximately $1,111,000. Bailard Inc. purchased a new position in Delek US in the 2nd quarter worth approximately $201,000. Easterly Investment Partners LLC lifted its holdings in Delek US by 26.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock worth $11,329,000 after purchasing an additional 96,531 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in Delek US by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after purchasing an additional 580 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Delek US Stock Up 2.8 %

Shares of NYSE DK traded up $0.55 during mid-day trading on Friday, reaching $20.42. 1,189,007 shares of the company were exchanged, compared to its average volume of 1,031,383. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 2.40. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -16.47 and a beta of 1.19. Delek US Holdings, Inc. has a 1 year low of $19.33 and a 1 year high of $33.60. The firm has a 50-day moving average of $22.24 and a 200 day moving average of $25.94.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period last year, the business posted $1.00 earnings per share. The firm’s revenue was down 18.4% compared to the same quarter last year. On average, research analysts expect that Delek US Holdings, Inc. will post -2.83 earnings per share for the current year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a $0.255 dividend. The ex-dividend date was Monday, August 12th. This is a positive change from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.00%. Delek US’s dividend payout ratio is currently -82.26%.

Insider Activity

In other news, CEO Avigal Soreq acquired 5,651 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $20.42 per share, with a total value of $115,393.42. Following the completion of the acquisition, the chief executive officer now owns 188,881 shares of the company’s stock, valued at $3,856,950.02. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Avigal Soreq bought 5,651 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $20.42 per share, with a total value of $115,393.42. Following the completion of the acquisition, the chief executive officer now directly owns 188,881 shares in the company, valued at $3,856,950.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Marcogliese bought 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the acquisition, the director now owns 42,863 shares of the company’s stock, valued at $1,028,283.37. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 2,854 shares of company stock valued at $65,603. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

DK has been the topic of several recent research reports. Mizuho decreased their price objective on Delek US from $31.00 to $27.00 and set an “underperform” rating on the stock in a report on Thursday, June 20th. JPMorgan Chase & Co. decreased their price objective on Delek US from $25.00 to $23.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. Scotiabank decreased their price objective on Delek US from $27.00 to $25.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. TD Cowen decreased their price objective on Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their price objective on Delek US from $25.00 to $20.00 and set an “underweight” rating on the stock in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.30.

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.