Callodine Capital Management LP Takes $648,000 Position in Delek US Holdings, Inc. (NYSE:DK)

Callodine Capital Management LP acquired a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,000 shares of the oil and gas company's stock, valued at approximately $648,000. Callodine Capital Management LP owned 0.06% of Delek US as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its holdings in shares of Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after buying an additional 1,311 shares during the last quarter. KBC Group NV raised its position in Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock worth $71,000 after acquiring an additional 1,538 shares during the period. ARS Investment Partners LLC purchased a new position in shares of Delek US during the 4th quarter worth $185,000. Abel Hall LLC bought a new stake in shares of Delek US during the 4th quarter valued at $196,000. Finally, XTX Topco Ltd purchased a new stake in shares of Delek US in the 3rd quarter worth $238,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DK shares. Raymond James cut their price target on Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Wolfe Research upgraded Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Mizuho decreased their target price on shares of Delek US from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. UBS Group reduced their price objective on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley lowered their target price on shares of Delek US from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.48.

Insider Transactions at Delek US

In related news, CFO Mark Wayne Hobbs bought 2,800 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $13.70 per share, with a total value of $38,360.00. Following the transaction, the chief financial officer now owns 49,138 shares of the company's stock, valued at $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 5,055 shares of company stock valued at $70,787. 1.80% of the stock is currently owned by company insiders.

Delek US Price Performance

DK stock traded up $0.09 during trading on Wednesday, hitting $13.12. 253,390 shares of the company's stock traded hands, compared to its average volume of 1,212,011. Delek US Holdings, Inc. has a 52 week low of $11.03 and a 52 week high of $29.81. The stock has a market capitalization of $820.17 million, a price-to-earnings ratio of -2.70 and a beta of 1.04. The business has a fifty day simple moving average of $14.87 and a 200 day simple moving average of $17.01. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company's revenue was down 39.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.46) EPS. As a group, research analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a dividend of $0.255 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.02 annualized dividend and a yield of 7.77%. Delek US's payout ratio is -11.54%.

Delek US Company 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.