Traders Buy Large Volume of Delek US Call Options (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) saw unusually large options trading on Thursday. Traders bought 6,453 call options on the stock. This represents an increase of 625% compared to the average daily volume of 890 call options.

Insiders Place Their Bets

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of the business's 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 purchase, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. This represents a 6.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders bought 5,055 shares of company stock worth $70,787. Corporate insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Ion Asset Management Ltd. lifted its stake in Delek US by 6.4% during the first quarter. Ion Asset Management Ltd. now owns 3,676,400 shares of the oil and gas company's stock worth $55,403,000 after purchasing an additional 221,400 shares in the last quarter. Barclays PLC raised its stake in shares of Delek US by 23.1% in the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock valued at $34,078,000 after acquiring an additional 345,210 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Delek US by 35.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,037,599 shares of the oil and gas company's stock valued at $15,637,000 after acquiring an additional 270,792 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Delek US by 21.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company's stock valued at $18,598,000 after acquiring an additional 180,498 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Delek US by 9.2% in the first quarter. Northern Trust Corp now owns 987,086 shares of the oil and gas company's stock valued at $14,875,000 after acquiring an additional 83,246 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Trading Down 1.2%

NYSE:DK traded down $0.23 during trading hours on Friday, reaching $19.43. 1,504,082 shares of the stock were exchanged, compared to its average volume of 1,297,582. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The business has a 50-day moving average of $14.79 and a two-hundred day moving average of $16.75. Delek US has a twelve month low of $11.03 and a twelve month high of $27.90. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -4.00 and a beta of 0.74.

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

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's dividend payout ratio (DPR) is -9.18%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DK. UBS Group dropped their price target on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley upped their price target on Delek US from $14.00 to $15.00 and gave the company an "underweight" rating in a research report on Monday, May 19th. The Goldman Sachs Group upped their price target on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday. Raymond James dropped their price target on Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Piper Sandler dropped their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.27.

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.