Arkadios Wealth Advisors Buys New Position in Delek US Holdings, Inc. (NYSE:DK)

Key Points

• Arkadios Wealth Advisors acquired 20,259 shares of Delek US Holdings, valued at approximately $305,000, enhancing institutional interest in the company.
• Delek US Holdings reported a net loss of ($0.56) EPS, better than analyst expectations, but revenue decreased by 16.4% year-over-year.
• The company announced a quarterly dividend of $0.255 per share, indicating a 5.1% yield for investors, despite a negative payout ratio.

Arkadios Wealth Advisors bought a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 20,259 shares of the oil and gas company's stock, valued at approximately $305,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ion Asset Management Ltd. boosted its stake in shares of Delek US by 16.5% in the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock worth $63,918,000 after acquiring an additional 488,509 shares during the last quarter. Barclays PLC lifted its holdings in Delek US by 23.1% in the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock valued at $34,078,000 after purchasing an additional 345,210 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Delek US by 21.9% in the 4th 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 purchasing an additional 180,498 shares in the last quarter. Systematic Financial Management LP boosted its stake in Delek US by 9.9% during the 4th quarter. Systematic Financial Management LP now owns 913,890 shares of the oil and gas company's stock worth $16,907,000 after purchasing an additional 82,039 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Delek US by 8.0% during the fourth quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company's stock worth $16,721,000 after buying an additional 66,815 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Trading Down 0.5%

Shares of Delek US stock traded down $0.10 during trading hours on Friday, hitting $20.64. The company's stock had a trading volume of 2,206,045 shares, compared to its average volume of 1,624,770. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -1.68 and a beta of 1.00. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.53 and a current ratio of 0.85. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $27.07. The firm has a fifty day moving average of $22.19 and a 200-day moving average of $18.12.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.36. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. Delek US had a negative net margin of 7.11% and a negative return on equity of 68.78%. Delek US's revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.92) EPS. Research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 11th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.9%. Delek US's dividend payout ratio (DPR) is presently -8.30%.

Wall Street Analyst Weigh In

DK has been the topic of several research reports. Wells Fargo & Company raised their price target on shares of Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 11th. Citigroup reissued a "neutral" rating and issued a $30.00 target price (up from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Scotiabank restated a "sector perform" rating and set a $20.00 target price (up from $14.00) on shares of Delek US in a report on Friday, July 11th. Morgan Stanley increased their price target on Delek US from $15.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, July 16th. Finally, TD Cowen lowered their price objective on Delek US from $18.00 to $15.00 and set a "sell" rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $20.35.

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.