Inlight Wealth Management LLC Purchases Shares of 137,770 Delek US Holdings, Inc. (NYSE:DK)

Inlight Wealth Management LLC acquired a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 137,770 shares of the oil and gas company's stock, valued at approximately $2,549,000. Delek US accounts for approximately 0.8% of Inlight Wealth Management LLC's holdings, making the stock its 26th biggest holding. Inlight Wealth Management LLC owned approximately 0.22% of Delek US as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DK. State Street Corp grew its holdings in Delek US by 8.0% in 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 during the last quarter. XTX Topco Ltd purchased a new stake in shares of Delek US during the third quarter worth about $238,000. Orion Portfolio Solutions LLC increased its holdings in shares of Delek US by 7.6% during 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 acquiring an additional 1,292 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Delek US by 123.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 42,125 shares of the oil and gas company's stock worth $790,000 after purchasing an additional 23,298 shares in the last quarter. Finally, Barclays PLC grew its position in Delek US by 51.5% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of research analyst reports. Wolfe Research upgraded Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. UBS Group dropped their target price on Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley cut their price objective on shares of Delek US from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Mizuho cut 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. Finally, Wells Fargo & Company lowered their target price on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday. 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 stock. Based on data from MarketBeat.com, Delek US currently has a consensus rating of "Hold" and an average price target of $17.48.

Delek US Price Performance

DK stock traded up $0.13 during trading on Wednesday, hitting $12.27. The stock had a trading volume of 328,689 shares, compared to its average volume of 1,490,889. The company's 50-day moving average price is $15.45 and its two-hundred day moving average price is $17.24. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $30.84. The stock has a market capitalization of $767.03 million, a P/E ratio of -2.52 and a beta of 1.04. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

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) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the company posted ($1.46) earnings per share. The firm's revenue for the quarter was down 39.8% compared to the same quarter last year. As a group, research analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 annualized dividend and a yield of 8.31%. Delek US's dividend payout ratio is presently -11.54%.

Insider Buying and Selling at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 5,055 shares of company stock worth $70,787. Insiders own 1.90% of the company's stock.

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.