Delek US Holdings, Inc. (NYSE:DK) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 448,119 shares of the oil and gas company's stock after acquiring an additional 126,222 shares during the period. Deutsche Bank AG owned 0.71% of Delek US worth $8,290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its stake in shares of Delek US by 728.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 1,311 shares during the last quarter. KBC Group NV boosted its stake 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 worth $71,000 after purchasing an additional 1,538 shares during the last quarter. ARS Investment Partners LLC acquired a new stake in shares of Delek US during the 4th quarter worth about $185,000. Abel Hall LLC acquired a new stake in shares of Delek US during the 4th quarter worth about $196,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Delek US during the 4th quarter worth about $209,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Delek US

In other Delek US news, CFO Mark Wayne Hobbs purchased 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, for a total transaction of $38,360.00. Following the completion of the acquisition, the chief financial officer now owns 49,138 shares of the company's stock, valued at approximately $673,190.60. This represents a 6.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have acquired 5,055 shares of company stock worth $70,787. Company insiders own 1.80% of the company's stock.

Delek US Trading Up 1.8%

NYSE DK opened at $18.89 on Friday. Delek US Holdings, Inc. has a one year low of $11.03 and a one year high of $28.91. The company's 50 day moving average price is $14.44 and its 200 day moving average price is $16.65. 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 firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -3.89 and a beta of 0.74.

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

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be issued a $0.255 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.02 annualized dividend and a yield of 5.40%. Delek US's payout ratio is -9.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DK shares. Scotiabank decreased their price target on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company decreased their price target on shares of Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. 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 research note on Friday, March 7th. UBS Group decreased their target price on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group decreased their target price on shares of Delek US from $17.00 to $15.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Delek US currently has an average rating of "Hold" and an average target price of $17.02.

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.

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