GTS Securities LLC Makes New $390,000 Investment in Delek US Holdings, Inc. (NYSE:DK)

GTS Securities LLC purchased a new position in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,079 shares of the oil and gas company's stock, valued at approximately $390,000.

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

Insider Activity

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This represents a 6.04% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders acquired 5,055 shares of company stock worth $70,787. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DK shares. Piper Sandler lowered their price target on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $22.00 to $23.00 in a research report on Tuesday, May 13th. Scotiabank lowered 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. The Goldman Sachs Group upped their price target on shares of Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Morgan Stanley upped their price target on shares of Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Monday, May 19th. Five investment 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.27.

Delek US Price Performance

DK traded down $0.58 on Friday, reaching $19.23. The company had a trading volume of 1,917,403 shares, compared to its average volume of 1,305,574. The company has a fifty day moving average of $15.07 and a 200-day moving average of $16.81. The company has a market capitalization of $1.17 billion, a P/E ratio of -3.96 and a beta of 0.74. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a one year low of $11.03 and a one year high of $25.83.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the business posted ($0.41) EPS. The business's revenue for the quarter was down 18.1% on a year-over-year basis. As a group, equities research analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.30%. Delek US's dividend payout ratio (DPR) is -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.