Delek US Holdings, Inc. $DK Shares Purchased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in Delek US Holdings, Inc. by 80.5% in the first quarter, acquiring an additional 65,322 shares, bringing its total ownership to 146,442 shares valued at approximately $2.2 million.
• Institutional investors now own 97.01% of Delek US’s stock, with several firms significantly increasing their positions during the first quarter, including a 238.1% raise by Harel Insurance Investments.
• Analyst ratings for Delek US show mixed sentiments, with price targets ranging from $14.00 to $24.00, while the stock has a current average rating of "Reduce."

Advisors Asset Management Inc. boosted its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 80.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 146,442 shares of the oil and gas company's stock after buying an additional 65,322 shares during the period. Advisors Asset Management Inc. owned approximately 0.24% of Delek US worth $2,207,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in 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 grew its position in 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. Northern Trust Corp grew its position in 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. Systematic Financial Management LP grew its position in Delek US by 9.9% in the fourth quarter. Systematic Financial Management LP now owns 913,890 shares of the oil and gas company's stock valued at $16,907,000 after acquiring an additional 82,039 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in Delek US in the first quarter valued at approximately $13,728,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Delek US

In related news, CFO Robert G. Wright sold 7,135 shares of Delek US stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total transaction of $208,627.40. Following the sale, the chief financial officer directly owned 48,294 shares in the company, valued at $1,412,116.56. The trade was a 12.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Delek US Stock Performance

DK stock traded down $0.01 during mid-day trading on Friday, reaching $28.66. The company had a trading volume of 1,040,277 shares, compared to its average volume of 1,725,735. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48. The stock has a market capitalization of $1.72 billion, a P/E ratio of -2.33 and a beta of 1.09. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $32.61. The stock's 50-day simple moving average is $24.86 and its two-hundred day simple moving average is $19.46.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.92) by $0.36. The company had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.68 billion. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The firm's quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the business posted ($0.92) earnings per share. Research analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, August 11th. Delek US's dividend payout ratio (DPR) is presently -8.30%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Delek US from $14.00 to $24.00 and gave the stock an "underperform" rating in a research report on Wednesday, September 3rd. Scotiabank reissued a "sector perform" rating and set a $20.00 price target (up previously from $14.00) on shares of Delek US in a research report on Friday, July 11th. Citigroup reissued a "neutral" rating and set a $30.00 price target (up previously from $15.00) on shares of Delek US in a research report on Wednesday, July 16th. Raymond James Financial raised their price target on shares of Delek US from $26.00 to $33.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, The Goldman Sachs Group raised their price target on shares of Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $24.69.

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.