94,315 Shares in Delek US Holdings, Inc. (NYSE:DK) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 94,315 shares of the oil and gas company's stock, valued at approximately $1,745,000. Teacher Retirement System of Texas owned approximately 0.15% of Delek US at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DK. State Street Corp lifted its position in shares of Delek US by 8.0% during the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company's stock worth $56,612,000 after purchasing an additional 223,110 shares during the last quarter. FMR LLC lifted its holdings in Delek US by 47.3% during the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company's stock worth $32,021,000 after buying an additional 548,777 shares during the last quarter. Barclays PLC lifted its holdings in Delek US by 51.5% during the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock worth $28,065,000 after buying an additional 508,719 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Delek US by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company's stock worth $27,368,000 after acquiring an additional 63,502 shares in the last quarter. Finally, Philosophy Capital Management LLC purchased a new position in shares of Delek US in the 3rd quarter valued at about $21,471,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DK. Wells Fargo & Company upped their price target on Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Piper Sandler reduced their price target on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Mizuho dropped their price objective on Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.40.

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Insider Transactions at Delek US

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, with a total value of $38,360.00. Following the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders acquired 5,055 shares of company stock valued at $70,787. Corporate insiders own 1.80% of the company's stock.

Delek US Stock Performance

Shares of NYSE DK traded down $0.59 during mid-day trading on Monday, hitting $15.06. 1,054,682 shares of the company were exchanged, compared to its average volume of 1,179,973. The stock has a 50 day simple moving average of $16.94 and a 200-day simple moving average of $17.82. Delek US Holdings, Inc. has a 1-year low of $13.40 and a 1-year high of $33.60. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm has a market cap of $941.20 million, a price-to-earnings ratio of -3.10 and a beta of 1.14.

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. On average, sell-side 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 announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 6.77%. The ex-dividend date was Monday, March 3rd. Delek US's payout ratio is -11.54%.

Delek US Company 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.