Coppell Advisory Solutions LLC Increases Position in Delek US Holdings, Inc. (NYSE:DK)

Coppell Advisory Solutions LLC grew its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 21.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,315 shares of the oil and gas company's stock after purchasing an additional 21,795 shares during the quarter. Coppell Advisory Solutions LLC owned about 0.20% of Delek US worth $2,188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sei Investments Co. increased its holdings in shares of Delek US by 2.3% during the 4th quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock worth $973,000 after buying an additional 1,192 shares during the last quarter. Sterling Capital Management LLC increased its stake in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 1,311 shares during the last quarter. XTX Topco Ltd raised its position in Delek US by 11.2% in the fourth quarter. XTX Topco Ltd now owns 14,122 shares of the oil and gas company's stock valued at $261,000 after purchasing an additional 1,418 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Delek US by 8.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,500 shares of the oil and gas company's stock valued at $361,000 after purchasing an additional 1,464 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 1,538 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Delek US

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 5,055 shares of company stock valued at $70,787 over the last quarter. 1.80% of the stock is owned by insiders.

Delek US Price Performance

Shares of NYSE DK opened at $13.02 on Wednesday. The stock's 50-day moving average is $14.87 and its two-hundred day moving average is $17.01. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company has a market cap of $813.92 million, a price-to-earnings ratio of -2.68 and a beta of 1.04. Delek US Holdings, Inc. has a 1-year low of $11.03 and a 1-year high of $29.81.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the business earned ($1.46) EPS. The firm's revenue was down 39.8% compared to the same quarter last year. Analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 7.83%. Delek US's payout ratio is currently -11.54%.

Analyst Ratings Changes

A number of research firms have commented on DK. Piper Sandler decreased their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Scotiabank decreased their price objective on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Wolfe Research raised Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Mizuho dropped their price objective on Delek US from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company cut their price objective on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.48.

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.

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