Nisa Investment Advisors LLC Buys 12,465 Shares of Delek US Holdings, Inc. (NYSE:DK)

Nisa Investment Advisors LLC raised its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 1,548.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,270 shares of the oil and gas company's stock after acquiring an additional 12,465 shares during the quarter. Nisa Investment Advisors LLC's holdings in Delek US were worth $200,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DK. Harel Insurance Investments & Financial Services Ltd. raised its stake in Delek US by 238.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 750,319 shares of the oil and gas company's stock valued at $11,307,000 after acquiring an additional 528,400 shares during the period. Kawa Capital Management Inc bought a new position in shares of Delek US during the fourth quarter worth about $4,297,000. Farther Finance Advisors LLC raised its position in shares of Delek US by 77.4% during the first quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company's stock worth $110,000 after acquiring an additional 3,105 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Delek US by 14.4% in the fourth quarter. Ameriprise Financial Inc. now owns 792,111 shares of the oil and gas company's stock worth $14,654,000 after purchasing an additional 99,521 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Delek US in the fourth quarter worth approximately $528,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DK. Citigroup reissued a "neutral" rating and issued a $30.00 price objective (up previously from $15.00) on shares of Delek US in a research report on Wednesday. UBS Group cut their price objective on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company increased their price objective on Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a report on Wednesday, June 11th. The Goldman Sachs Group raised their price objective on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, Raymond James Financial raised their price target on Delek US from $23.00 to $28.00 and gave the stock an "outperform" rating in a research note on Tuesday. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $19.71.

Delek US Price Performance

DK stock opened at $24.95 on Friday. The stock has a market cap of $1.52 billion, a PE ratio of -2.25 and a beta of 0.98. Delek US Holdings, Inc. has a 1 year low of $11.03 and a 1 year high of $27.07. The stock has a 50-day moving average price of $20.89 and a two-hundred day moving average price of $17.74. The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 7.05.

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) EPS for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.56 billion. Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The company's revenue for the quarter was down 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.41) earnings per share. Equities analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared 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 4.09%. The ex-dividend date was Monday, May 12th. Delek US's dividend payout ratio (DPR) is currently -9.18%.

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.

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