22,855 Shares in Delek US Holdings, Inc. (NYSE:DK) Bought by ELCO Management Co. LLC

ELCO Management Co. LLC bought a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,855 shares of the oil and gas company's stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. KBC Group NV lifted 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 valued at $71,000 after purchasing an additional 1,538 shares during the last quarter. ARS Investment Partners LLC bought a new stake in Delek US during the 4th quarter valued at $185,000. Abel Hall LLC purchased a new stake in Delek US during the 4th quarter valued at $196,000. XTX Topco Ltd purchased a new position in shares of Delek US in the third quarter valued at about $238,000. Finally, Diametric Capital LP bought a new position in shares of Delek US during the fourth quarter valued at about $251,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Stock Up 0.6 %

Shares of DK traded up $0.07 during midday trading on Monday, reaching $12.55. 311,386 shares of the stock were exchanged, compared to its average volume of 1,206,586. 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 company's 50 day moving average is $15.72 and its two-hundred day moving average is $17.32. The company has a market capitalization of $784.54 million, a P/E ratio of -2.58 and a beta of 1.04. Delek US Holdings, Inc. has a 52 week low of $11.03 and a 52 week high of $31.55.

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

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 annualized dividend and a yield of 8.13%. Delek US's dividend payout ratio (DPR) is presently -11.54%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group dropped their price objective on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Mizuho dropped their price target on Delek US from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company boosted their target price on Delek US from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Friday, March 21st. Raymond James dropped their target price on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Scotiabank lowered their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.93.

Insiders Place Their Bets

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased 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 directly owns 49,138 shares of the company's stock, valued at $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 5,055 shares of company stock worth $70,787. 1.80% of the stock is owned by corporate insiders.

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.