Ameriprise Financial Inc. Raises Stock Position in Delek US Holdings, Inc. (NYSE:DK)

Ameriprise Financial Inc. increased its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 792,111 shares of the oil and gas company's stock after purchasing an additional 99,521 shares during the period. Ameriprise Financial Inc. owned 1.25% of Delek US worth $14,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DK. Barclays PLC boosted its stake in Delek US by 51.5% in the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock worth $28,065,000 after purchasing an additional 508,719 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Delek US by 8.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 31,856 shares of the oil and gas company's stock worth $589,000 after purchasing an additional 2,493 shares in the last quarter. ARS Investment Partners LLC acquired a new stake in Delek US in the 4th quarter worth approximately $185,000. Clear Harbor Asset Management LLC acquired a new stake in Delek US in the 4th quarter worth approximately $920,000. Finally, Mutual Advisors LLC lifted its stake in Delek US by 26.3% during the 4th quarter. Mutual Advisors LLC now owns 65,754 shares of the oil and gas company's stock valued at $1,316,000 after acquiring an additional 13,689 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $22.00 to $23.00 in a research note on Tuesday, May 13th. Piper Sandler decreased their price objective on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Raymond James decreased their price objective on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group lifted their price objective on shares of Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday. Finally, UBS Group decreased their price objective on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $17.27.

Delek US Stock Performance

Shares of NYSE:DK traded down $0.23 during trading on Friday, hitting $19.43. 1,504,082 shares of the stock traded hands, compared to its average volume of 1,293,896. 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 company has a market cap of $1.18 billion, a price-to-earnings ratio of -4.00 and a beta of 0.74. The company has a fifty day moving average price of $14.79 and a two-hundred day moving average price of $16.75. Delek US Holdings, Inc. has a 52-week low of $11.03 and a 52-week high of $27.97.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results 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). The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.56 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. Delek US's revenue for the quarter was down 18.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.41) earnings per share. As a group, equities analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

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

Insider Activity

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $13.70 per share, with a total value of $38,360.00. Following the acquisition, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. The trade was a 6.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 5,055 shares of company stock valued at $70,787 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

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.