Heartland Advisors Inc. Reduces Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Heartland Advisors Inc. reduced its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,300 shares of the oil and gas company's stock after selling 114,575 shares during the period. Heartland Advisors Inc. owned approximately 0.44% of Delek US worth $5,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Delek US by 76.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company's stock worth $9,041,000 after acquiring an additional 209,474 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Delek US by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company's stock worth $14,186,000 after purchasing an additional 45,017 shares during the last quarter. Geode Capital Management LLC raised its stake in Delek US by 4.5% during the third quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company's stock worth $27,368,000 after purchasing an additional 63,502 shares during the period. Summit Trail Advisors LLC acquired a new position in Delek US in the 4th quarter valued at about $565,000. Finally, State Street Corp grew its stake in shares of Delek US by 8.0% in the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company's stock valued at $56,612,000 after buying an additional 223,110 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

A number of research analysts recently commented on DK shares. Wells Fargo & Company upped their price objective on Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Piper Sandler decreased their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Morgan Stanley decreased 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 report on Friday, March 14th. Finally, Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $20.40.

Delek US Stock Up 1.1 %

Shares of DK stock traded up $0.17 during trading on Wednesday, reaching $15.65. The company's stock had a trading volume of 262,953 shares, compared to its average volume of 1,176,187. The company has a market capitalization of $978.33 million, a price-to-earnings ratio of -3.22 and a beta of 1.14. Delek US Holdings, Inc. has a 1-year low of $13.40 and a 1-year high of $33.60. 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 stock's 50-day moving average price is $16.86 and its 200 day moving average price is $17.79.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The company had revenue of $2.37 billion for 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 firm's revenue was down 39.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.46) EPS. On average, research analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.52%. The ex-dividend date was Monday, March 3rd. Delek US's payout ratio is presently -11.54%.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the purchase, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders purchased 5,055 shares of company stock valued at $70,787. 1.80% of the stock is currently owned by corporate insiders.

About Delek US

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.