Delek US Holdings, Inc. $DK Stake Raised by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in Delek US Holdings by 49.8%, acquiring 165,820 shares, bringing its total to 499,105 shares worth approximately $7.52 million.
• Delek US reported a quarterly earnings per share (EPS) of ($0.56), outperforming analysts' expectations by $0.36 despite a 16.4% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.255 per share, resulting in an annualized yield of 4.4%, although it has a negative payout ratio of -8.30%.

Russell Investments Group Ltd. raised its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 49.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 499,105 shares of the oil and gas company's stock after acquiring an additional 165,820 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.82% of Delek US worth $7,522,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DK. Rafferty Asset Management LLC lifted its holdings in shares of Delek US by 0.7% during the 4th quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock valued at $2,122,000 after buying an additional 797 shares during the period. CWM LLC lifted its holdings in Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 1,164 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Delek US by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company's stock worth $668,000 after acquiring an additional 1,227 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Delek US by 728.3% during 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 buying an additional 1,311 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of Delek US by 11.2% in the 4th quarter. XTX Topco Ltd now owns 14,122 shares of the oil and gas company's stock valued at $261,000 after purchasing an additional 1,418 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DK. Wells Fargo & Company boosted their price target on Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a report on Wednesday, June 11th. The Goldman Sachs Group increased their price objective on shares of Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Piper Sandler upped their price objective on shares of Delek US from $17.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Mizuho upgraded Delek US from a "neutral" rating to an "outperform" rating and upped their target price for the company from $22.00 to $23.00 in a report on Tuesday, May 13th. Finally, Cowen reissued a "sell" rating on shares of Delek US in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $20.35.

Delek US Trading Up 8.3%

DK stock traded up $1.8820 during trading on Friday, reaching $24.5220. 5,885,722 shares of the stock traded hands, compared to its average volume of 2,036,772. The firm has a market capitalization of $1.47 billion, a PE ratio of -2.00 and a beta of 1.00. The company has a debt-to-equity ratio of 10.48, a current ratio of 0.80 and a quick ratio of 0.50. Delek US Holdings, Inc. has a 52-week low of $11.02 and a 52-week high of $27.07. The business's 50 day moving average price is $22.77 and its 200-day moving average price is $18.40.

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

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 11th. Delek US's dividend payout ratio (DPR) is presently -8.30%.

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.