GF Fund Management CO. LTD. Purchases Shares of 19,598 Delek US Holdings, Inc. (NYSE:DK)

GF Fund Management CO. LTD. purchased a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,598 shares of the oil and gas company's stock, valued at approximately $363,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sterling Capital Management LLC increased its holdings in Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after buying an additional 1,311 shares during the last quarter. KBC Group NV lifted its holdings in Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock worth $71,000 after buying an additional 1,538 shares during the last quarter. Abel Hall LLC acquired a new position in shares of Delek US during the 4th quarter worth about $196,000. Freestone Grove Partners LP purchased a new position in shares of Delek US in the 4th quarter valued at about $209,000. Finally, Ellevest Inc. acquired a new stake in shares of Delek US during the 4th quarter worth about $209,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Stock Performance

Delek US stock traded up $0.61 during mid-day trading on Thursday, reaching $19.86. 1,178,226 shares of the company were exchanged, compared to its average volume of 1,298,922. The firm's 50-day simple moving average is $14.93 and its two-hundred day simple moving average is $16.79. Delek US Holdings, Inc. has a twelve month low of $11.03 and a twelve month high of $27.09. The firm has a market cap of $1.21 billion, a PE ratio of -4.09 and a beta of 0.74. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.56 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business's quarterly revenue was down 18.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.41) earnings per share. Equities analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.14%. Delek US's dividend payout ratio is presently -9.18%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DK. Wells Fargo & Company lowered their price target on Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Raymond James lowered their target price on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Morgan Stanley lifted their price target on shares of Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a research note on Monday, May 19th. Scotiabank reduced their price target on shares of 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. Finally, Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $22.00 to $23.00 in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Delek US has an average rating of "Hold" and an average price target of $17.27.

Insider Activity at Delek US

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the acquisition, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased 5,055 shares of company stock worth $70,787 over the last 90 days. Company 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.