Inlight Wealth Management LLC Has $1.66 Million Stock Position in Delek US Holdings, Inc. (NYSE:DK)

Inlight Wealth Management LLC decreased its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,225 shares of the oil and gas company's stock after selling 27,545 shares during the period. Delek US comprises approximately 0.5% of Inlight Wealth Management LLC's holdings, making the stock its 28th largest holding. Inlight Wealth Management LLC owned 0.18% of Delek US worth $1,661,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its stake in shares of Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 1,311 shares during the period. GAMMA Investing LLC grew its stake in shares of Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after purchasing an additional 3,746 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Delek US by 77.4% in 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 purchasing an additional 3,105 shares during the period. Net Worth Advisory Group bought a new stake in shares of Delek US in the 1st quarter valued at approximately $159,000. Finally, Freestone Grove Partners LP bought a new stake in shares of Delek US in the 4th quarter valued at approximately $209,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Delek US Stock Up 1.9%

NYSE DK opened at $21.75 on Friday. The stock has a fifty day moving average of $17.05 and a 200-day moving average of $16.94. The stock has a market capitalization of $1.32 billion, a P/E ratio of -1.96 and a beta of 0.96. Delek US Holdings, Inc. has a 52 week low of $11.03 and a 52 week high of $25.68. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.53 and a current ratio of 0.85.

Delek US (NYSE:DK - Get Free Report) last released its 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). The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The firm's quarterly revenue was down 18.1% on a year-over-year basis. During the same period last year, the business posted ($0.41) earnings per share. On average, equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current 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 given a $0.255 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a dividend yield of 4.69%. Delek US's dividend payout ratio is currently -9.18%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DK shares. Mizuho upgraded 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. Morgan Stanley increased their price target on Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Monday, May 19th. Scotiabank decreased their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Piper Sandler decreased their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Raymond James Financial decreased their price target on Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Five 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.

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