Nuveen Asset Management LLC Buys 180,498 Shares of Delek US Holdings, Inc. (NYSE:DK)

Nuveen Asset Management LLC lifted its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,005,309 shares of the oil and gas company's stock after buying an additional 180,498 shares during the quarter. Nuveen Asset Management LLC owned about 1.59% of Delek US worth $18,598,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sei Investments Co. boosted its position in Delek US by 2.3% during the fourth quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock worth $973,000 after purchasing an additional 1,192 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Delek US by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company's stock worth $668,000 after purchasing an additional 1,227 shares during the period. Sterling Capital Management LLC boosted its position in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 1,311 shares during the period. XTX Topco Ltd boosted its position in Delek US by 11.2% during the fourth quarter. XTX Topco Ltd now owns 14,122 shares of the oil and gas company's stock worth $261,000 after purchasing an additional 1,418 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Delek US by 8.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 19,500 shares of the oil and gas company's stock worth $361,000 after purchasing an additional 1,464 shares during the period. Institutional investors own 97.01% of the company's stock.

Insider Activity

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at approximately $673,190.60. The trade was a 6.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders acquired 5,055 shares of company stock worth $70,787. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DK has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their target price on Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. UBS Group decreased their target price 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. Raymond James decreased their target price 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. Scotiabank cut their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley upped their price target on Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Delek US currently has an average rating of "Hold" and a consensus price target of $17.27.

Delek US Stock Performance

Shares of NYSE DK traded up $0.05 during trading hours on Thursday, reaching $19.30. The stock had a trading volume of 191,694 shares, compared to its average volume of 1,537,412. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $27.09. 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 business's fifty day moving average is $14.93 and its two-hundred day moving average is $16.79. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -3.97 and a beta of 0.74.

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

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Monday, May 12th. Delek US's dividend payout ratio is -9.18%.

About Delek US

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.