DRW Securities LLC Buys Shares of 95,056 Delek US Holdings, Inc. (NYSE:DK)

DRW Securities LLC purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 95,056 shares of the oil and gas company's stock, valued at approximately $1,782,000. DRW Securities LLC owned approximately 0.15% of Delek US at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DK. Quarry LP bought a new position in Delek US in the 2nd quarter worth $43,000. Farther Finance Advisors LLC lifted its position in shares of Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company's stock valued at $145,000 after acquiring an additional 1,508 shares in the last quarter. Bailard Inc. bought a new position in shares of Delek US in the second quarter worth about $201,000. MQS Management LLC purchased a new stake in shares of Delek US during the third quarter worth about $201,000. Finally, Chesapeake Capital Corp IL bought a new stake in Delek US during the 2nd quarter valued at approximately $223,000. 97.01% of the stock is currently owned by institutional investors.

Delek US Trading Up 2.6 %

Delek US stock traded up $0.49 during mid-day trading on Monday, hitting $19.09. The company's stock had a trading volume of 1,694,792 shares, compared to its average volume of 1,081,264. Delek US Holdings, Inc. has a one year low of $15.36 and a one year high of $33.60. The stock has a market cap of $1.21 billion, a PE ratio of -3.92 and a beta of 1.15. The company has a 50 day moving average of $18.24 and a 200-day moving average of $21.50. 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 issued its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping analysts' consensus estimates of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the prior year, the firm earned $2.02 EPS. The company's revenue for the quarter was down 34.3% compared to the same quarter last year. On average, research analysts anticipate that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date was Tuesday, November 12th. Delek US's dividend payout ratio (DPR) is presently -20.99%.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of research analyst reports. Piper Sandler cut their price objective on shares of Delek US from $25.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, September 20th. StockNews.com cut shares of Delek US from a "hold" rating to a "sell" rating in a research note on Saturday, September 21st. Mizuho upgraded shares of Delek US from an "underperform" rating to a "neutral" rating and decreased their price target for the stock from $28.00 to $26.00 in a research note on Monday, September 16th. JPMorgan Chase & Co. cut their price objective on Delek US from $26.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, October 2nd. Finally, Morgan Stanley reduced their target price on Delek US from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, September 16th. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $21.00.

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.