Delek US Holdings, Inc. (NYSE:DK) Shares Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its shareholding in Delek US Holdings by 223.6% during the first quarter, owning approximately 0.07% valued at $689,000.
• Analysts have recently raised price targets for Delek US, with Goldman Sachs increasing their target from $15.00 to $17.00 and Citigroup from $15.00 to $30.00, while the consensus rating remains a "Hold".
• Delek US reported a quarterly earnings miss with an EPS of ($2.32), and announced a quarterly dividend of $0.255, yielding 4.8%.

XTX Topco Ltd increased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 223.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,694 shares of the oil and gas company's stock after acquiring an additional 31,572 shares during the period. XTX Topco Ltd owned approximately 0.07% of Delek US worth $689,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Delek US by 16.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,306 shares of the oil and gas company's stock valued at $306,000 after acquiring an additional 2,918 shares during the period. TD Asset Management Inc acquired a new stake in shares of Delek US during the 1st quarter valued at about $230,000. Cetera Investment Advisers acquired a new stake in shares of Delek US during the 1st quarter valued at about $191,000. Abel Hall LLC grew its position in shares of Delek US by 26.3% during the 1st quarter. Abel Hall LLC now owns 13,384 shares of the oil and gas company's stock valued at $202,000 after acquiring an additional 2,790 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Delek US during the 1st quarter valued at about $493,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DK shares. The Goldman Sachs Group raised their target price on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Citigroup reiterated a "neutral" rating and issued a $30.00 price objective (up from $15.00) on shares of Delek US in a report on Wednesday, July 16th. Morgan Stanley lifted their price objective on Delek US from $15.00 to $19.00 and gave the stock an "underweight" rating in a report on Wednesday, July 16th. Scotiabank reiterated a "sector perform" rating and issued a $20.00 price objective (up from $14.00) on shares of Delek US in a report on Friday, July 11th. Finally, Mizuho upgraded Delek US from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $22.00 to $23.00 in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.60.

Delek US Stock Up 2.6%

DK stock opened at $21.31 on Tuesday. The firm has a market cap of $1.29 billion, a PE ratio of -1.92 and a beta of 1.00. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.53 and a current ratio of 0.85. The firm's 50 day moving average price is $22.10 and its 200-day moving average price is $18.07. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $27.07.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS 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 6.10% and a negative return on equity of 63.88%. The firm's quarterly revenue was down 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) EPS. On average, equities research analysts anticipate 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 will be paid on Monday, August 18th. Shareholders of record on Monday, August 11th will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.02 dividend on an annualized basis and a yield of 4.8%. Delek US's payout ratio is presently -9.18%.

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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