Eisler Capital Management Ltd. Acquires New Shares in Delek US Holdings, Inc. $DK

Key Points

• Eisler Capital Management Ltd. recently made a $172,000 investment in Delek US Holdings, acquiring 11,415 shares in the first quarter.
• Several hedge funds increased their stakes in Delek US, with PEAK6 LLC raising its holdings by 518.6%, now owning shares worth $322,000.
• Analyst ratings for Delek US vary, with a current consensus rating of "Reduce" and an average target price of $20.35, reflecting mixed market outlooks.

Eisler Capital Management Ltd. purchased a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,415 shares of the oil and gas company's stock, valued at approximately $172,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in Delek US by 35.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,037,599 shares of the oil and gas company's stock valued at $15,637,000 after purchasing an additional 270,792 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Delek US by 21.9% in 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. Northern Trust Corp boosted its holdings in Delek US by 9.2% in the first quarter. Northern Trust Corp now owns 987,086 shares of the oil and gas company's stock valued at $14,875,000 after purchasing an additional 83,246 shares during the last quarter. Systematic Financial Management LP lifted its holdings in Delek US by 9.9% during the 4th quarter. Systematic Financial Management LP now owns 913,890 shares of the oil and gas company's stock worth $16,907,000 after buying an additional 82,039 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in Delek US during the 1st quarter worth approximately $13,728,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Cowen reaffirmed a "sell" rating on shares of Delek US in a report on Friday, August 8th. The Goldman Sachs Group increased their target price on Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wells Fargo & Company increased their target price on Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a report on Wednesday, June 11th. Scotiabank reaffirmed a "sector perform" rating and set a $20.00 target price (up previously from $14.00) on shares of Delek US in a report on Friday, July 11th. Finally, Citigroup reaffirmed a "neutral" rating and set a $30.00 target price (up previously from $15.00) on shares of Delek US in a report on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $20.35.

Delek US Price Performance

Shares of DK stock traded up $0.80 during mid-day trading on Friday, hitting $27.76. 1,437,012 shares of the stock traded hands, compared to its average volume of 2,382,127. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $27.78. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -2.26 and a beta of 1.09. The company's 50-day simple moving average is $23.25 and its 200-day simple moving average is $18.67. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.92) by $0.36. The business had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.68 billion. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company's quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.92) EPS. As a group, equities research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, August 11th. Delek US's payout ratio is presently -8.30%.

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.