Harel Insurance Investments & Financial Services Ltd. Buys 528,400 Shares of Delek US Holdings, Inc. (NYSE:DK)

Harel Insurance Investments & Financial Services Ltd. increased its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 238.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 750,319 shares of the oil and gas company's stock after acquiring an additional 528,400 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned about 1.20% of Delek US worth $11,307,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Ion Asset Management Ltd. boosted its position in shares of Delek US by 16.5% in the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock valued at $63,918,000 after acquiring an additional 488,509 shares during the period. Barclays PLC boosted its position in shares of Delek US by 23.1% in the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock valued at $34,078,000 after acquiring an additional 345,210 shares during the period. Nuveen Asset Management LLC lifted its position in Delek US by 21.9% during 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. Systematic Financial Management LP lifted its position in Delek US by 9.9% during the fourth quarter. Systematic Financial Management LP now owns 913,890 shares of the oil and gas company's stock valued at $16,907,000 after purchasing an additional 82,039 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Delek US by 8.0% during the fourth quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company's stock valued at $16,721,000 after purchasing an additional 66,815 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Delek US Stock Performance

DK traded up $0.59 during midday trading on Monday, hitting $23.72. 2,139,072 shares of the company traded hands, compared to its average volume of 1,384,856. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 7.05. The firm has a market capitalization of $1.44 billion, a PE ratio of -2.14 and a beta of 0.98. The company's 50-day moving average is $18.84 and its 200 day moving average is $17.22. Delek US Holdings, Inc. has a 52 week low of $11.03 and a 52 week high of $24.69.

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). Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the company earned ($0.41) EPS. Delek US's revenue for the quarter was down 18.1% compared to the same quarter last year. On average, research analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's dividend payout ratio is -9.18%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DK. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $22.00 to $23.00 in a report on Tuesday, May 13th. Raymond James Financial lifted their target price on shares of Delek US from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. UBS Group decreased their target price on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley lifted their target price 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. Finally, The Goldman Sachs Group lifted their target price on shares of Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.60.

Delek US 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.