Kawa Capital Management Inc Reduces Stock Position in Delek US Holdings, Inc. $DK

Kawa Capital Management Inc decreased its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 42.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 200,000 shares of the oil and gas company’s stock after selling 150,000 shares during the period. Delek US comprises about 11.7% of Kawa Capital Management Inc’s holdings, making the stock its 5th largest position. Kawa Capital Management Inc owned approximately 0.33% of Delek US worth $6,454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DK. AlphaQuest LLC lifted its stake in Delek US by 7,331.8% during the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 1,613 shares in the last quarter. CWM LLC raised its holdings in shares of Delek US by 56.8% in the second quarter. CWM LLC now owns 3,634 shares of the oil and gas company’s stock valued at $77,000 after purchasing an additional 1,316 shares during the last quarter. State of Wyoming bought a new position in shares of Delek US during the first quarter valued at about $95,000. Eisler Capital Management Ltd. purchased a new position in Delek US during the first quarter worth about $172,000. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Delek US by 8.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company’s stock worth $250,000 after purchasing an additional 955 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DK has been the topic of several recent analyst reports. Bank of America lifted their target price on shares of Delek US from $14.00 to $24.00 and gave the stock an “underperform” rating in a research report on Wednesday, September 3rd. Raymond James Financial increased their price target on Delek US from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, October 8th. Cowen upgraded Delek US from a “sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Piper Sandler lifted their target price on Delek US from $39.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.54.

Insider Transactions at Delek US

In related news, EVP Robert G. Wright sold 5,643 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $41.46, for a total value of $233,958.78. Following the completion of the transaction, the executive vice president directly owned 41,269 shares of the company’s stock, valued at approximately $1,711,012.74. This trade represents a 12.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph Israel sold 20,028 shares of Delek US stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $41.12, for a total transaction of $823,551.36. Following the completion of the transaction, the executive vice president owned 62,793 shares of the company’s stock, valued at $2,582,048.16. This represents a 24.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 59,354 shares of company stock worth $2,446,658 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

Delek US Stock Performance

NYSE:DK opened at $31.82 on Wednesday. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.58. The business has a fifty day simple moving average of $37.22 and a two-hundred day simple moving average of $29.39. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $43.50. The company has a market capitalization of $1.91 billion, a P/E ratio of -3.90 and a beta of 0.82.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The firm had revenue of $2.96 billion for the quarter. On average, analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 10th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, November 10th. Delek US’s dividend payout ratio (DPR) is currently -12.50%.

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.