LPL Financial LLC Raises Position in Delek US Holdings, Inc. (NYSE:DK)

LPL Financial LLC lifted its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 64.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 66,085 shares of the oil and gas company's stock after acquiring an additional 25,937 shares during the period. LPL Financial LLC owned 0.10% of Delek US worth $1,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DK. KBC Group NV boosted its stake in Delek US by 66.3% during the 4th 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 fourth quarter worth $185,000. Abel Hall LLC purchased a new stake in Delek US in the 4th quarter valued at $196,000. Van ECK Associates Corp lifted its stake in Delek US by 17.8% during the 4th quarter. Van ECK Associates Corp now owns 14,111 shares of the oil and gas company's stock valued at $261,000 after acquiring an additional 2,134 shares in the last quarter. Finally, Equitable Trust Co. purchased a new position in Delek US during the 4th quarter worth $341,000. 97.01% of the stock is owned by institutional investors.

Delek US Stock Up 5.8 %

Shares of DK stock traded up $0.70 during midday trading on Friday, reaching $12.87. 1,192,238 shares of the stock were exchanged, compared to its average volume of 1,216,839. The firm has a market cap of $804.67 million, a PE ratio of -2.65 and a beta of 1.04. 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 $15.06 and its two-hundred day moving average is $17.11. Delek US Holdings, Inc. has a 1 year low of $11.03 and a 1 year high of $30.13.

Delek US (NYSE:DK - Get Free Report) last announced 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). The firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business's quarterly revenue was down 39.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.46) EPS. On average, equities research analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 7.92%. Delek US's dividend payout ratio is currently -11.54%.

Insider Buying and Selling

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This represents a 6.04 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased 5,055 shares of company stock worth $70,787 in the last 90 days. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DK. Raymond James cut their price target 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. Morgan Stanley lowered their target price 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 reduced their target price on Delek US from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. UBS Group cut 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. Finally, Piper Sandler decreased 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.48.

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.