Kennedy Capital Management LLC Buys 27,589 Shares of Delek US Holdings, Inc. (NYSE:DK)

Kennedy Capital Management LLC increased its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 11.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 273,453 shares of the oil and gas company's stock after acquiring an additional 27,589 shares during the period. Kennedy Capital Management LLC owned about 0.43% of Delek US worth $5,059,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DK. Barclays PLC raised its holdings in shares of Delek US by 51.5% in the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock valued at $28,065,000 after purchasing an additional 508,719 shares during the last quarter. Norges Bank bought a new position in shares of Delek US in the fourth quarter worth $6,815,000. Rangeley Capital LLC bought a new stake in shares of Delek US during the fourth quarter valued at about $6,179,000. Raymond James Financial Inc. bought a new stake in Delek US during the 4th quarter worth approximately $5,100,000. Finally, Kawa Capital Management Inc bought a new stake in Delek US during the fourth quarter valued at $4,297,000. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DK shares. Piper Sandler decreased their target price on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Mizuho cut their price objective on shares of Delek US from $25.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Scotiabank dropped their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company cut their price target on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday. Finally, Raymond James cut their target price on Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Delek US presently has an average rating of "Hold" and an average price target of $17.48.

Delek US Stock Performance

DK traded up $0.70 during trading on Thursday, hitting $12.87. The stock had a trading volume of 1,192,238 shares, compared to its average volume of 1,498,594. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $30.22. 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 firm has a market capitalization of $804.67 million, a P/E ratio of -2.65 and a beta of 1.04. The company's 50-day moving average price is $15.32 and its 200 day moving average price is $17.20.

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) EPS for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion during 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%. The company's quarterly revenue was down 39.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.46) EPS. On average, equities research analysts forecast 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. Stockholders of record on Monday, March 3rd were given a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 7.92%. Delek US's dividend payout ratio is -11.54%.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of Delek US stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have purchased 5,055 shares of company stock worth $70,787. Insiders own 1.90% of the company's stock.

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.