AMG National Trust Bank reduced its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,806 shares of the oil and gas company's stock after selling 39,794 shares during the period. AMG National Trust Bank owned about 0.12% of Delek US worth $2,100,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Delek US by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company's stock worth $187,773,000 after buying an additional 38,577 shares during the period. Ion Asset Management Ltd. boosted its position in shares of Delek US by 1.8% during the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company's stock worth $79,296,000 after buying an additional 67,490 shares during the period. Barclays PLC boosted its holdings in Delek US by 29.4% in the third quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company's stock valued at $60,460,000 after purchasing an additional 425,896 shares during the period. Allianz Asset Management GmbH boosted its holdings in Delek US by 40.2% in the third quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company's stock valued at $47,569,000 after purchasing an additional 423,017 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Delek US by 6,300.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company's stock valued at $42,153,000 after purchasing an additional 1,285,861 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
Delek US Stock Up 1.6%
Delek US stock opened at $41.09 on Wednesday. Delek US Holdings, Inc. has a 1-year low of $12.80 and a 1-year high of $48.32. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.53. The stock has a market cap of $2.46 billion, a PE ratio of -117.39, a P/E/G ratio of 0.57 and a beta of 0.68. The stock's fifty day moving average is $41.21 and its two-hundred day moving average is $36.55.
Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.63. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The company had revenue of $2.43 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period last year, the firm earned ($2.54) earnings per share. Delek US's quarterly revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that Delek US Holdings, Inc. will post 2.42 EPS for the current fiscal year.
Delek US Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, May 1st will be given a dividend of $0.255 per share. The ex-dividend date is Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.5%. Delek US's payout ratio is -291.43%.
Insider Buying and Selling at Delek US
In other news, EVP Denise Clark Mcwatters sold 11,988 shares of Delek US stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $41.33, for a total transaction of $495,464.04. Following the sale, the executive vice president owned 74,196 shares in the company, valued at approximately $3,066,520.68. The trade was a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Reuven Spiegel sold 20,000 shares of Delek US stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.84, for a total value of $856,800.00. Following the sale, the executive vice president owned 48,530 shares in the company, valued at $2,079,025.20. This trade represents a 29.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 172,095 shares of company stock valued at $7,257,409. 3.56% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Mizuho lifted their target price on Delek US from $51.00 to $54.00 and gave the company an "outperform" rating in a report on Tuesday, March 17th. Piper Sandler decreased their target price on Delek US from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, January 8th. Morgan Stanley lifted their target price on Delek US from $38.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, April 24th. Raymond James Financial lifted their target price on Delek US from $47.00 to $54.00 and gave the company an "outperform" rating in a report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. decreased their target price on Delek US from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $44.15.
Read Our Latest Research Report on Delek US
About Delek US
(
Free Report)
Delek US Holdings, Inc NYSE: DK is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.
In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.
Further Reading
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