PEAK6 LLC Buys 17,891 Shares of Delek US Holdings, Inc. $DK

Key Points

• PEAK6 LLC significantly increased its holdings in Delek US Holdings, Inc. by 518.6%, acquiring a total of 21,341 shares valued at approximately $322,000.
• Several analysts have raised their target prices for Delek US, with notable upgrades from Mizuho and Piper Sandler, indicating a generally positive outlook despite some sell ratings.
• The company recently reported a quarterly earnings per share of ($0.56), surpassing expectations and showing a revenue of $2.76 billion, although this was a 16.4% decline year-over-year.

PEAK6 LLC raised its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 518.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,341 shares of the oil and gas company's stock after buying an additional 17,891 shares during the quarter. PEAK6 LLC's holdings in Delek US were worth $322,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Comerica Bank raised its stake in shares of Delek US by 96.3% in the first quarter. Comerica Bank now owns 40,336 shares of the oil and gas company's stock valued at $608,000 after buying an additional 19,788 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Delek US by 82.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 726,810 shares of the oil and gas company's stock valued at $10,953,000 after buying an additional 327,500 shares during the period. T. Rowe Price Investment Management Inc. bought a new stake in shares of Delek US in the first quarter valued at $13,728,000. Hsbc Holdings PLC raised its position in shares of Delek US by 6.8% in the first quarter. Hsbc Holdings PLC now owns 174,973 shares of the oil and gas company's stock valued at $2,677,000 after purchasing an additional 11,177 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Delek US in the first quarter valued at approximately $410,000. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on DK shares. TD Cowen lowered their price target on shares of Delek US from $18.00 to $15.00 and set a "sell" rating on the stock in a research report on Friday, August 8th. Piper Sandler boosted their price target on shares of Delek US from $17.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Morgan Stanley boosted their price target on shares of Delek US from $15.00 to $19.00 and gave the company an "underweight" rating in a research report on Wednesday, July 16th. Scotiabank reiterated a "sector perform" rating and set a $20.00 price objective (up from $14.00) on shares of Delek US in a research note on Friday, July 11th. Finally, Citigroup reiterated a "neutral" rating and set a $30.00 price objective (up from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Delek US presently has a consensus rating of "Reduce" and a consensus target price of $23.77.

Delek US Price Performance

Delek US stock traded up $0.26 during midday trading on Thursday, reaching $32.17. 858,424 shares of the stock were exchanged, compared to its average volume of 1,704,056. The company's fifty day moving average is $23.81 and its 200-day moving average is $18.91. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. The firm has a market cap of $1.94 billion, a PE ratio of -2.62 and a beta of 1.09. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $32.48.

Delek US (NYSE:DK - Get Free Report) last announced its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share for the quarter, topping analysts' consensus estimates of ($0.92) by $0.36. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company's quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.92) EPS. On average, sell-side analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, August 11th. Delek US's dividend payout ratio is currently -8.30%.

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.