Delek US Holdings, Inc. (NYSE:DK) Shares Bought by Ion Asset Management Ltd.

Ion Asset Management Ltd. grew its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 16.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,455,000 shares of the oil and gas company's stock after purchasing an additional 488,509 shares during the period. Delek US makes up about 3.7% of Ion Asset Management Ltd.'s holdings, making the stock its 6th biggest position. Ion Asset Management Ltd. owned approximately 5.47% of Delek US worth $63,918,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Kawa Capital Management Inc acquired a new stake in Delek US during the 4th quarter worth approximately $4,297,000. JPMorgan Chase & Co. increased its position in shares of Delek US by 76.8% in the third quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company's stock worth $9,041,000 after acquiring an additional 209,474 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Delek US in the 4th quarter valued at $528,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Delek US by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company's stock valued at $14,186,000 after acquiring an additional 45,017 shares in the last quarter. Finally, Summit Trail Advisors LLC purchased a new stake in Delek US during the 4th quarter worth $565,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

DK has been the topic of a number of recent research reports. Wolfe Research upgraded Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Morgan Stanley decreased their price target on Delek US from $18.00 to $14.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Raymond James dropped their price objective on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Mizuho decreased their target price on shares of Delek US from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler dropped 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. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $16.94.

Insider Transactions at Delek US

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders purchased 5,055 shares of company stock worth $70,787. 1.80% of the stock is currently owned by company insiders.

Delek US Stock Performance

NYSE:DK traded up $0.31 during mid-day trading on Friday, hitting $13.81. 1,066,636 shares of the company's stock traded hands, compared to its average volume of 1,232,154. The firm has a market capitalization of $863.30 million, a price-to-earnings ratio of -2.84 and a beta of 1.04. The firm has a 50 day moving average of $14.28 and a two-hundred day moving average of $16.73. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 12 month low of $11.03 and a 12 month high of $29.14.

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 return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the company earned ($1.46) EPS. The business's revenue for the quarter was down 39.8% on a year-over-year basis. On average, equities analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Monday, May 12th. Delek US's dividend payout ratio (DPR) is presently -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.