Russell Investments Group Ltd. Increases Holdings in Delek US Holdings, Inc. (NYSE:DK)

Russell Investments Group Ltd. lifted its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 37.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,285 shares of the oil and gas company's stock after buying an additional 90,487 shares during the quarter. Russell Investments Group Ltd. owned about 0.53% of Delek US worth $6,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of Delek US by 2.3% in the fourth quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock valued at $973,000 after acquiring an additional 1,192 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Delek US by 7.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company's stock worth $342,000 after purchasing an additional 1,292 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Delek US by 8.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,500 shares of the oil and gas company's stock valued at $361,000 after purchasing an additional 1,464 shares during the period. KBC Group NV grew its position in shares of Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 1,538 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Delek US by 1.3% in 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DK shares. Wells Fargo & Company dropped their price objective on Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a research note on Wednesday. Scotiabank cut their price objective on Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Morgan Stanley lowered their target price on shares of Delek US from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Raymond James cut their price target on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler decreased their price target on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.48.

Insider Activity

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders purchased 5,055 shares of company stock valued at $70,787. 1.90% of the stock is currently owned by company insiders.

Delek US Trading Up 5.8 %

Shares of DK stock traded up $0.70 on Friday, hitting $12.87. 1,192,238 shares of the company's stock traded hands, compared to its average volume of 1,214,083. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The stock has a market capitalization of $804.67 million, a price-to-earnings ratio of -2.65 and a beta of 1.04. The company's fifty day simple moving average is $15.06 and its 200 day simple moving average is $17.12. Delek US Holdings, Inc. has a one year low of $11.03 and a one year high of $30.13.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.27% and a negative return on equity of 28.21%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the business posted ($1.46) earnings per share. The firm's quarterly revenue was down 39.8% compared to the same quarter last year. Equities analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS 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 given a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 annualized dividend and a yield of 7.92%. Delek US's payout ratio is currently -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.