Coppell Advisory Solutions LLC Boosts Stake in Delek US Holdings, Inc. (NYSE:DK)

Coppell Advisory Solutions LLC grew its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,315 shares of the oil and gas company's stock after buying an additional 21,795 shares during the period. Coppell Advisory Solutions LLC owned 0.20% of Delek US worth $2,188,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DK. Price T Rowe Associates Inc. MD boosted its holdings in Delek US by 21.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,042 shares of the oil and gas company's stock worth $1,000,000 after buying an additional 9,600 shares during the period. Hsbc Holdings PLC raised its stake in Delek US by 100.9% during the 4th quarter. Hsbc Holdings PLC now owns 163,796 shares of the oil and gas company's stock valued at $3,063,000 after purchasing an additional 82,279 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Delek US by 532.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,699 shares of the oil and gas company's stock worth $253,000 after purchasing an additional 11,534 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Delek US by 6.4% during the 4th quarter. MetLife Investment Management LLC now owns 38,532 shares of the oil and gas company's stock valued at $713,000 after buying an additional 2,311 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Delek US by 114.9% during the fourth quarter. First Trust Advisors LP now owns 121,037 shares of the oil and gas company's stock valued at $2,239,000 after buying an additional 64,725 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DK shares. Mizuho decreased their target price on Delek US from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company dropped their price objective on shares of Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Scotiabank dropped 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, April 11th. Wolfe Research upgraded Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Finally, UBS Group lowered their price target on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned 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 $17.11.

Delek US Stock Up 1.8 %

NYSE DK traded up $0.24 during midday trading on Monday, hitting $13.35. 363,219 shares of the company traded hands, compared to its average volume of 1,220,610. Delek US Holdings, Inc. has a 52 week low of $11.03 and a 52 week high of $29.49. The company has a market cap of $834.61 million, a PE ratio of -2.75 and a beta of 1.04. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company's 50-day simple moving average is $14.57 and its 200-day simple moving average is $16.85.

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, equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

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 yield of 7.64%. The ex-dividend date was Monday, March 3rd. Delek US's payout ratio is -11.54%.

Insider Buying and Selling

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US 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 completion of the transaction, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. This represents a 6.04 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have bought 5,055 shares of company stock worth $70,787. Insiders own 1.80% of the company's stock.

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.