Snowden Capital Advisors LLC Raises Position in Delek US Holdings, Inc. (NYSE:DK)

Snowden Capital Advisors LLC grew its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 94.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,086 shares of the oil and gas company's stock after purchasing an additional 15,582 shares during the quarter. Snowden Capital Advisors LLC owned approximately 0.05% of Delek US worth $594,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DK. Kawa Capital Management Inc purchased a new position in shares of Delek US in the 4th quarter worth $4,297,000. KLP Kapitalforvaltning AS purchased a new position in shares of Delek US in the 4th quarter worth $528,000. Northern Trust Corp raised its position in shares of Delek US by 8.0% in the 4th quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company's stock worth $16,721,000 after buying an additional 66,815 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Delek US by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company's stock worth $14,186,000 after buying an additional 45,017 shares during the period. Finally, Summit Trail Advisors LLC purchased a new position in shares of Delek US in the 4th quarter worth $565,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Price Performance

Shares of Delek US stock opened at $18.63 on Wednesday. The business has a 50-day moving average of $14.61 and a 200-day moving average of $16.69. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company has a market capitalization of $1.13 billion, a PE ratio of -3.83 and a beta of 0.74. Delek US Holdings, Inc. has a 1-year low of $11.03 and a 1-year high of $28.57.

Delek US (NYSE:DK - Get Free Report) last announced its earnings results 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 business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm's revenue was down 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.41) earnings per share. As a group, equities analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.48%. Delek US's dividend payout ratio is presently -9.18%.

Insider Activity

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the purchase, the chief financial officer now owns 49,138 shares of the company's stock, valued at approximately $673,190.60. This trade represents a 6.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 5,055 shares of company stock worth $70,787 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DK. UBS Group cut their target price on Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley increased their price target on Delek US from $14.00 to $15.00 and gave the company an "underweight" rating in a report on Monday. Wells Fargo & Company lowered their price target on Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Piper Sandler lowered their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, The Goldman Sachs Group lowered their price target on Delek US from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Delek US has an average rating of "Hold" and a consensus target price of $17.10.

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.

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