Envestnet Asset Management Inc. Raises Stock Position in Delek US Holdings, Inc. (NYSE:DK)

Envestnet Asset Management Inc. increased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 116.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 186,767 shares of the oil and gas company's stock after purchasing an additional 100,300 shares during the period. Envestnet Asset Management Inc. owned 0.30% of Delek US worth $3,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Barclays PLC lifted its position 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 purchasing an additional 508,719 shares in the last quarter. Geode Capital Management LLC increased its stake in Delek US by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company's stock worth $27,368,000 after buying an additional 63,502 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Delek US by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company's stock worth $14,186,000 after buying an additional 45,017 shares in the last quarter. Easterly Investment Partners LLC lifted its holdings in Delek US by 2.9% in the 4th quarter. Easterly Investment Partners LLC now owns 765,249 shares of the oil and gas company's stock worth $14,157,000 after buying an additional 21,210 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in 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 valued at $9,041,000 after buying an additional 209,474 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the firm's stock in a transaction 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 transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 5,055 shares of company stock worth $70,787 in the last three months. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on DK shares. UBS Group cut their price target on Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Wolfe Research raised Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Scotiabank reduced their target price on Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Raymond James dropped their price target on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler cut their price target on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Delek US presently has an average rating of "Hold" and an average target price of $17.11.

Delek US Stock Down 0.9 %

Shares of NYSE:DK opened at $13.01 on Friday. Delek US Holdings, Inc. has a 1-year low of $11.03 and a 1-year high of $29.56. The company's fifty day moving average is $14.66 and its two-hundred day moving average is $16.93. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The stock has a market capitalization of $813.29 million, a price-to-earnings ratio of -2.68 and a beta of 1.04.

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 for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The business 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%. Delek US's revenue was down 39.8% compared to the same quarter last year. During the same quarter last year, the company earned ($1.46) EPS. Equities analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given 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 yield of 7.84%. Delek US's dividend payout ratio is currently -11.54%.

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.

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