Delek US Holdings, Inc. (NYSE:DK) Shares Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP increased its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 266.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,138 shares of the oil and gas company's stock after purchasing an additional 26,998 shares during the period. Brevan Howard Capital Management LP owned approximately 0.06% of Delek US worth $687,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Sterling Capital Management LLC grew its stake in Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 1,311 shares during the period. KBC Group NV grew its stake in Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 1,538 shares during the period. ARS Investment Partners LLC acquired a new position in Delek US in the fourth quarter valued at about $185,000. Abel Hall LLC acquired a new position in Delek US in the fourth quarter valued at about $196,000. Finally, Freestone Grove Partners LP acquired a new position in Delek US in the fourth quarter valued at about $209,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Stock Up 6.3%

Shares of NYSE DK traded up $0.97 on Monday, reaching $16.36. 1,768,239 shares of the company's stock traded hands, compared to its average volume of 1,247,147. Delek US Holdings, Inc. has a 12 month low of $11.03 and a 12 month high of $28.91. The business's 50 day simple moving average is $14.10 and its two-hundred day simple moving average is $16.61. The company has a market cap of $993.49 million, a price-to-earnings ratio of -3.37 and a beta of 0.74. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.27) by ($0.05). The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.56 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company's revenue for the quarter was down 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.41) EPS. As a group, equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Monday, May 12th. Delek US's payout ratio is -9.18%.

Insider Buying and Selling 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 stock was purchased 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 owns 49,138 shares in the company, valued at approximately $673,190.60. This trade represents a 6.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 5,055 shares of company stock valued at $70,787 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on DK. Wells Fargo & Company dropped their target price on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. UBS Group reduced their target price on Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley lowered their target price on Delek US from $18.00 to $14.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group lowered their target price on Delek US from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Mizuho lowered their price objective 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. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $16.94.

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.