Aquatic Capital Management LLC Increases Holdings in Delek US Holdings, Inc. (NYSE:DK)

Aquatic Capital Management LLC raised its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 430.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,641 shares of the oil and gas company's stock after purchasing an additional 37,041 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.07% of Delek US worth $844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DK. Sterling Capital Management LLC boosted its position in shares of Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after buying an additional 1,311 shares during the period. KBC Group NV boosted its holdings in shares of Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock worth $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 4th quarter valued at $185,000. Abel Hall LLC acquired a new stake in Delek US in the 4th quarter worth about $196,000. Finally, Diametric Capital LP bought a new stake in shares of Delek US in the fourth quarter valued at approximately $251,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

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 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 transaction, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders purchased 5,055 shares of company stock valued at $70,787. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

DK has been the subject of several research analyst reports. Raymond James lowered their price objective on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company reduced their price target on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Mizuho reduced their target price on Delek US from $25.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group lowered their price target on shares of Delek US from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, Piper Sandler reduced their price objective on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Delek US currently has an average rating of "Hold" and an average price target of $16.94.

Delek US Stock Up 1.6 %

NYSE:DK traded up $0.22 on Tuesday, hitting $14.05. The stock had a trading volume of 254,195 shares, compared to its average volume of 1,234,784. The company has a market cap of $878.31 million, a PE ratio of -2.90 and a beta of 0.74. Delek US Holdings, Inc. has a 52 week low of $11.03 and a 52 week high of $29.14. The business's fifty day moving average is $14.20 and its 200 day moving average is $16.67. 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 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 the consensus estimate 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 business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the business posted ($1.46) EPS. The business's revenue for the quarter was down 39.8% compared to the same quarter last year. On average, equities research analysts expect 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 paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a yield of 7.26%. Delek US's dividend payout ratio (DPR) is currently -11.54%.

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.