334,000 Shares in Delek US Holdings, Inc. (NYSE:DK) Acquired by Rangeley Capital LLC

Rangeley Capital LLC purchased a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 334,000 shares of the oil and gas company's stock, valued at approximately $6,179,000. Delek US accounts for approximately 5.6% of Rangeley Capital LLC's portfolio, making the stock its 3rd biggest position. Rangeley Capital LLC owned approximately 0.53% of Delek US as of its most recent SEC filing.

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

Remove Ads

Delek US Stock Performance

Shares of DK traded up $0.09 on Tuesday, reaching $12.49. The company's stock had a trading volume of 763,924 shares, compared to its average volume of 1,189,362. 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 Holdings, Inc. has a 12-month low of $11.03 and a 12-month high of $33.27. The stock has a market capitalization of $781.04 million, a P/E ratio of -2.58 and a beta of 1.04. The stock's 50 day simple moving average is $16.46 and its two-hundred day simple moving average is $17.60.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted ($1.46) EPS. Research analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 8.16%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US's dividend payout ratio (DPR) is presently -11.54%.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the acquisition, the chief financial officer now owns 49,138 shares of the company's stock, valued at $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have bought 5,055 shares of company stock valued at $70,787. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DK. Wolfe Research upgraded Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price target on shares of Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Mizuho lowered their price objective on Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Finally, Piper Sandler dropped their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Five investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, Delek US presently has a consensus rating of "Hold" and a consensus target price 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.