Millennium Management LLC Raises Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Millennium Management LLC boosted its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 1,199.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 870,257 shares of the oil and gas company's stock after purchasing an additional 803,274 shares during the quarter. Millennium Management LLC owned about 1.38% of Delek US worth $16,100,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC grew its position in 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. KBC Group NV lifted its stake in Delek US by 66.3% during the 4th 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 in the last quarter. ARS Investment Partners LLC bought a new position in Delek US during the 4th quarter valued at $185,000. Abel Hall LLC bought a new position in Delek US during the 4th quarter valued at $196,000. Finally, Freestone Grove Partners LP bought a new position in Delek US during the 4th quarter valued at $209,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Delek US Stock Performance

DK traded up $0.35 during trading hours on Tuesday, hitting $19.77. The stock had a trading volume of 1,185,081 shares, compared to its average volume of 1,297,132. The company's fifty day simple moving average is $14.88 and its 200 day simple moving average is $16.77. Delek US Holdings, Inc. has a 1 year low of $11.03 and a 1 year high of $27.90. The stock has a market cap of $1.20 billion, a PE ratio of -4.07 and a beta of 0.74. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK - Get Free Report) last announced 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). The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.56 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company's revenue was down 18.1% compared to the same quarter last year. During the same period last year, the business posted ($0.41) EPS. Equities analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's payout ratio is presently -9.18%.

Analysts Set New Price Targets

DK has been the topic of several recent analyst reports. Raymond James dropped their price objective on Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company dropped their price objective on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler dropped their price objective on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. UBS Group dropped their price objective on Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, Scotiabank dropped their price objective on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $17.27.

Insider Buying and Selling at Delek US

In related news, CFO Mark Wayne Hobbs bought 2,800 shares of Delek US stock in a transaction on Tuesday, March 11th. The stock was acquired 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 of the company's stock, valued at $673,190.60. This represents a 6.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 5,055 shares of company stock valued at $70,787 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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.