Delek US Holdings, Inc. (NYSE:DK) Shares Acquired by DRW Securities LLC

DRW Securities LLC grew its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 78.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,557 shares of the oil and gas company's stock after buying an additional 74,501 shares during the period. DRW Securities LLC owned 0.27% of Delek US worth $3,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in shares of Delek US by 8.0% during the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company's stock worth $56,612,000 after purchasing an additional 223,110 shares in the last quarter. XTX Topco Ltd acquired a new position in Delek US during the 3rd quarter valued at about $238,000. Orion Portfolio Solutions LLC raised its stake in Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company's stock valued at $342,000 after buying an additional 1,292 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Delek US by 123.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,125 shares of the oil and gas company's stock worth $790,000 after acquiring an additional 23,298 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Delek US by 51.5% during the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock worth $28,065,000 after acquiring an additional 508,719 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on DK. Piper Sandler cut their target price on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Wolfe Research upgraded Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on shares of Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Friday, March 21st. Scotiabank reduced their target price on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a report on Friday. Finally, Morgan Stanley decreased their target price on shares of Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $17.93.

Insider Buying and Selling at Delek US

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the business's 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 approximately $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have acquired 5,055 shares of company stock worth $70,787. 1.80% of the stock is owned by company insiders.

Delek US Stock Up 0.6 %

Shares of NYSE DK traded up $0.07 during mid-day trading on Monday, reaching $12.55. The company had a trading volume of 311,386 shares, compared to its average volume of 1,206,620. The firm has a 50 day simple moving average of $15.72 and a two-hundred day simple moving average of $17.32. Delek US Holdings, Inc. has a 52-week low of $11.03 and a 52-week high of $31.55. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The stock has a market cap of $784.54 million, a P/E ratio of -2.58 and a beta of 1.04.

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

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 8.13%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US's payout ratio is currently -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.