Lansforsakringar Fondforvaltning AB publ Takes Position in Delek US Holdings, Inc. (NYSE:DK)

Lansforsakringar Fondforvaltning AB publ bought a new position in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 215,224 shares of the oil and gas company's stock, valued at approximately $3,982,000. Lansforsakringar Fondforvaltning AB publ owned about 0.34% of Delek US at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DK. Barclays PLC increased its stake in Delek US by 51.5% during the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock worth $28,065,000 after acquiring an additional 508,719 shares during the last quarter. KBC Group NV boosted its holdings in shares of Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 1,538 shares during the period. Abel Hall LLC purchased a new stake in shares of Delek US in the fourth quarter valued at approximately $196,000. Empowered Funds LLC raised its stake in Delek US by 5.1% in the fourth quarter. Empowered Funds LLC now owns 335,932 shares of the oil and gas company's stock worth $6,215,000 after buying an additional 16,345 shares in the last quarter. Finally, Equitable Trust Co. bought a new position in Delek US in the fourth quarter worth approximately $341,000. 97.01% of the stock is owned by institutional investors.

Delek US Price Performance

Shares of DK traded down $0.58 during mid-day trading on Friday, hitting $19.23. The company's stock had a trading volume of 1,917,403 shares, compared to its average volume of 1,305,574. The firm has a 50-day moving average price of $15.07 and a 200 day moving average price of $16.81. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -3.96 and a beta of 0.74. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. Delek US Holdings, Inc. has a fifty-two week low of $11.03 and a fifty-two week high of $25.83.

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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the firm earned ($0.41) EPS. The firm's revenue was down 18.1% compared to the same quarter last year. On average, research analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's dividend payout ratio is -9.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company lowered their target price on shares of Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Raymond James decreased their price target on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. 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 research note on Friday, March 7th. Finally, Morgan Stanley raised their price target on shares of Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Delek US currently has a consensus rating of "Hold" and an average price target of $17.27.

Insiders Place Their Bets

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the acquisition, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. The trade was a 6.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders acquired 5,055 shares of company stock valued at $70,787 over the last ninety days. Corporate 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.