368,405 Shares in Delek US Holdings, Inc. (NYSE:DK) Acquired by Norges Bank

Norges Bank purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 368,405 shares of the oil and gas company's stock, valued at approximately $6,815,000. Norges Bank owned approximately 0.58% of Delek US as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. KBC Group NV lifted its position in shares of 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 buying an additional 1,538 shares in the last quarter. ARS Investment Partners LLC purchased a new stake in Delek US in the 4th quarter worth $185,000. Abel Hall LLC bought a new position in shares of Delek US in the fourth quarter worth about $196,000. XTX Topco Ltd purchased a new stake in shares of Delek US during the third quarter worth about $238,000. Finally, Van ECK Associates Corp increased its holdings in Delek US by 17.8% in 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 during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the company's stock in a transaction that occurred on 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 purchase, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at $673,190.60. This represents a 6.04 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have purchased 5,055 shares of company stock worth $70,787. 1.80% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

DK has been the topic of several research reports. Piper Sandler reduced their price target on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Scotiabank lowered their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research report on Friday. 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 report on Friday, March 14th. Mizuho lowered their target price on shares of Delek US from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Raymond James decreased 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. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Delek US has a consensus rating of "Hold" and a consensus price target of $17.93.

Delek US Stock Performance

DK stock traded up $0.26 during trading on Monday, reaching $12.74. The company had a trading volume of 44,188 shares, compared to its average volume of 1,205,570. The company has a market cap of $796.35 million, a price-to-earnings ratio of -2.58 and a beta of 1.04. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a twelve month low of $11.03 and a twelve month high of $31.55. The firm has a 50-day simple moving average of $15.72 and a 200-day simple moving average of $17.32.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results 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 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%. The business's revenue was down 39.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.46) EPS. As a group, sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share 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 paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US's dividend payout ratio (DPR) is -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.