Diametric Capital LP Buys Shares of 13,575 Delek US Holdings, Inc. (NYSE:DK)

Diametric Capital LP purchased a new stake in Delek US Holdings, Inc. (NYSE:DK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,575 shares of the oil and gas company’s stock, valued at approximately $251,000.

A number of other hedge funds also recently made changes to their positions in the business. Kawa Capital Management Inc acquired a new stake in Delek US in the 4th quarter valued at approximately $4,297,000. Norges Bank bought a new position in shares of Delek US in the fourth quarter worth $6,815,000. Easterly Investment Partners LLC increased its holdings in shares of Delek US by 2.9% during the fourth quarter. Easterly Investment Partners LLC now owns 765,249 shares of the oil and gas company’s stock valued at $14,157,000 after purchasing an additional 21,210 shares during the period. LPL Financial LLC raised its stake in shares of Delek US by 64.6% during the fourth quarter. LPL Financial LLC now owns 66,085 shares of the oil and gas company’s stock valued at $1,223,000 after purchasing an additional 25,937 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Delek US in the fourth quarter worth about $528,000. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

DK has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Morgan Stanley lowered their price target on Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Mizuho lowered their target price 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 analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.40.

Delek US Stock Up 2.7 %

NYSE:DK opened at $15.48 on Wednesday. The business’s fifty day moving average price is $16.86 and its 200 day moving average price is $17.79. The firm has a market capitalization of $967.39 million, a price-to-earnings ratio of -3.18 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 1-year low of $13.40 and a 1-year high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period last year, the company earned ($1.46) earnings per share. Delek US’s revenue for the quarter was down 39.8% compared to the same quarter last year. On average, sell-side 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 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 6.59%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is presently -11.54%.

Insider Buying and Selling

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the business’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 transaction, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 5,055 shares of company stock worth $70,787. Corporate insiders own 1.80% of the company’s stock.

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.