KLP Kapitalforvaltning AS Buys Shares of 28,550 Delek US Holdings, Inc. (NYSE:DK)

KLP Kapitalforvaltning AS acquired a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,550 shares of the oil and gas company's stock, valued at approximately $528,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sei Investments Co. lifted its stake in Delek US by 2.3% during the fourth quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock worth $973,000 after purchasing an additional 1,192 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Delek US by 7.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company's stock worth $342,000 after buying an additional 1,292 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Delek US by 8.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,500 shares of the oil and gas company's stock valued at $361,000 after buying an additional 1,464 shares in the last quarter. KBC Group NV grew its position in shares of Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after buying an additional 1,538 shares during the last quarter. Finally, Swiss National Bank raised its stake in Delek US by 1.3% during the 4th quarter. Swiss National Bank now owns 126,891 shares of the oil and gas company's stock worth $2,347,000 after acquiring an additional 1,600 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the acquisition, the chief financial officer now 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 document filed with the SEC, which is available through this hyperlink. Insiders acquired 5,055 shares of company stock valued at $70,787 in the last three months. 1.80% of the stock is currently owned by company insiders.

Delek US Stock Performance

Shares of Delek US stock traded down $0.88 during trading hours on Tuesday, hitting $11.52. 2,290,403 shares of the company were exchanged, compared to its average volume of 1,197,269. The business has a 50-day moving average of $16.18 and a 200-day moving average of $17.50. Delek US Holdings, Inc. has a 1 year low of $11.03 and a 1 year high of $32.69. 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 stock has a market capitalization of $720.34 million, a price-to-earnings ratio of -2.37 and a beta of 1.04.

Delek US (NYSE:DK - Get Free Report) last released its earnings results 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 return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the business posted ($1.46) EPS. The firm's revenue was down 39.8% on a year-over-year basis. As a group, analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date was Monday, March 3rd. Delek US's dividend payout ratio (DPR) is -11.54%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DK shares. Wells Fargo & Company upped their price objective on shares of Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Friday, March 21st. Morgan Stanley decreased their target price on Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Piper Sandler cut their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Delek US currently has a consensus rating of "Hold" and a consensus price target of $19.11.

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.