Northern Trust Corp Acquires 66,815 Shares of Delek US Holdings, Inc. (NYSE:DK)

Northern Trust Corp grew its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 903,840 shares of the oil and gas company's stock after acquiring an additional 66,815 shares during the period. Northern Trust Corp owned about 1.43% of Delek US worth $16,721,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Sei Investments Co. increased its stake in Delek US by 2.3% during the 4th quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock worth $973,000 after buying an additional 1,192 shares during the period. Sterling Capital Management LLC increased its stake in 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 buying an additional 1,311 shares during the period. XTX Topco Ltd increased its stake in Delek US by 11.2% during the 4th quarter. XTX Topco Ltd now owns 14,122 shares of the oil and gas company's stock worth $261,000 after buying an additional 1,418 shares during the period. PNC Financial Services Group Inc. increased its stake in Delek US by 8.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,500 shares of the oil and gas company's stock worth $361,000 after buying an additional 1,464 shares during the period. Finally, KBC Group NV increased its stake in 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 buying an additional 1,538 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the purchase, the chief financial officer now owns 49,138 shares of the company's stock, valued at $673,190.60. This represents a 6.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 5,055 shares of company stock worth $70,787 in the last 90 days. 1.80% of the stock is owned by insiders.

Delek US Trading Up 1.8%

Shares of NYSE:DK traded up $0.33 during mid-day trading on Friday, hitting $18.89. The stock had a trading volume of 2,026,613 shares, compared to its average volume of 1,269,813. 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 company has a market cap of $1.15 billion, a PE ratio of -3.89 and a beta of 0.74. Delek US Holdings, Inc. has a 12-month low of $11.03 and a 12-month high of $28.91. The company's 50 day moving average is $14.44 and its 200-day moving average is $16.65.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share 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 company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the company posted ($0.41) EPS. The firm's quarterly revenue was down 18.1% compared to the same quarter last year. 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. Stockholders of record on Monday, May 12th will be paid a dividend of $0.255 per share. The ex-dividend date is Monday, May 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.40%. Delek US's dividend payout ratio (DPR) is -9.18%.

Wall Street Analyst Weigh In

DK has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. UBS Group decreased their price target on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Scotiabank decreased their price target on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Raymond James decreased their price target on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group decreased 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. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.02.

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.