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

Harel Insurance Investments & Financial Services Ltd. boosted 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 (SEC). The fund owned 750,319 shares of the oil and gas company's stock after buying an additional 528,400 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 1.20% of Delek US worth $11,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in DK. Creative Financial Designs Inc. ADV purchased a new position in shares of Delek US in the first quarter worth about $47,000. Manning & Napier Advisors LLC purchased a new position in Delek US in the 1st quarter valued at approximately $4,144,000. Net Worth Advisory Group bought a new stake in Delek US during the 1st quarter valued at $159,000. Farther Finance Advisors LLC raised its holdings in Delek US by 77.4% during the 1st quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company's stock valued at $110,000 after acquiring an additional 3,105 shares during the period. Finally, Wedge Capital Management L L P NC lifted its position in shares of Delek US by 15.1% during the first quarter. Wedge Capital Management L L P NC now owns 36,666 shares of the oil and gas company's stock worth $553,000 after acquiring an additional 4,810 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Delek US Price Performance

DK traded down $0.01 on Friday, reaching $23.13. The company had a trading volume of 1,213,012 shares, compared to its average volume of 1,379,601. Delek US Holdings, Inc. has a 52-week low of $11.03 and a 52-week high of $24.69. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -2.08 and a beta of 0.98. 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 business has a 50 day simple moving average of $18.64 and a 200 day simple moving average of $17.17.

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 6.10% and a negative return on equity of 63.88%. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the business posted ($0.41) EPS. The business's quarterly revenue was down 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders 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 dividend on an annualized basis and a yield of 4.41%. Delek US's payout ratio is -9.18%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DK shares. Morgan Stanley lifted their price target on Delek US from $14.00 to $15.00 and gave the company an "underweight" rating in a research report on Monday, May 19th. UBS Group reduced their target price on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Mizuho raised shares of Delek US from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $22.00 to $23.00 in a report on Tuesday, May 13th. Wells Fargo & Company raised their price objective on shares of Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a research report on Wednesday, June 11th. Finally, Piper Sandler decreased their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.60.

About Delek US

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.