108,751 Shares in Delek US Holdings, Inc. (NYSE:DK) Purchased by AMG National Trust Bank

AMG National Trust Bank acquired a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 108,751 shares of the oil and gas company's stock, valued at approximately $1,639,000. AMG National Trust Bank owned approximately 0.17% of Delek US as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in Delek US by 728.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 1,311 shares during the last quarter. CWM LLC grew its position in Delek US by 100.9% in the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 1,164 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new position in Delek US in the first quarter valued at $47,000. GAMMA Investing LLC grew its position in Delek US by 907.0% in the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after purchasing an additional 3,746 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Delek US by 77.4% in the first quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company's stock valued at $110,000 after purchasing an additional 3,105 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Delek US Price Performance

DK traded down $0.15 during trading on Tuesday, reaching $24.61. The stock had a trading volume of 391,844 shares, compared to its average volume of 1,417,541. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -2.22 and a beta of 0.98. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 7.05. Delek US Holdings, Inc. has a 1-year low of $11.03 and a 1-year high of $27.07. The stock has a 50 day moving average of $21.08 and a two-hundred day moving average of $17.77.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned ($0.41) earnings per share. The company's revenue was down 18.1% on a year-over-year basis. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were issued a $0.255 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a yield of 4.14%. Delek US's dividend payout ratio is currently -9.18%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DK. Citigroup reaffirmed a "neutral" rating and set a $30.00 price objective (up previously from $15.00) on shares of Delek US in a research report on Wednesday, July 16th. Mizuho raised shares of Delek US from a "neutral" rating to an "outperform" rating and increased their target price for the company from $22.00 to $23.00 in a research report on Tuesday, May 13th. UBS Group reduced 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 report on Wednesday, April 9th. Piper Sandler lifted their price target on shares of Delek US from $17.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Raymond James Financial lifted their price target on shares of Delek US from $23.00 to $28.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $20.60.

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.