Delek US Holdings, Inc. (NYSE:DK) Holdings Trimmed by Towle & Co.

Towle & Co. trimmed its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 31.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 560,420 shares of the oil and gas company's stock after selling 253,289 shares during the period. Delek US comprises about 1.8% of Towle & Co.'s holdings, making the stock its 29th biggest holding. Towle & Co. owned 0.89% of Delek US worth $10,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Ion Asset Management Ltd. lifted its holdings in shares of Delek US by 16.5% during the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock valued at $63,918,000 after purchasing an additional 488,509 shares during the last quarter. Barclays PLC lifted its holdings in shares of Delek US by 23.1% during the fourth 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 during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Delek US by 21.9% during 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 purchasing an additional 180,498 shares during the last quarter. Systematic Financial Management LP lifted its holdings in shares of Delek US by 9.9% during 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 purchasing an additional 82,039 shares during the last quarter. Finally, Northern Trust Corp lifted 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 valued at $16,721,000 after purchasing an additional 66,815 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DK has been the subject of a number of research reports. Scotiabank decreased their price objective on Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group decreased their price objective on Delek US from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Piper Sandler decreased their price objective on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Raymond James decreased their price objective on Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, UBS Group decreased their price objective on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $17.02.

Delek US Stock Up 1.8%

DK opened at $18.89 on Monday. Delek US Holdings, Inc. has a fifty-two week low of $11.03 and a fifty-two week high of $28.91. The business has a 50-day moving average of $14.44 and a 200-day moving average of $16.66. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company has a market capitalization of $1.15 billion, a PE ratio of -3.89 and a beta of 0.74.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the business earned ($0.41) earnings per share. The firm's revenue for the quarter was down 18.1% on a year-over-year basis. Equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Monday, May 12th. Delek US's payout ratio is -9.18%.

Insider Activity at Delek US

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased 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 directly owns 49,138 shares of the company's stock, valued at $673,190.60. This represents a 6.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have purchased 5,055 shares of company stock valued at $70,787. Corporate insiders own 1.80% of the company's stock.

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.

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