32,704 Shares in Delek US Holdings, Inc. (NYSE:DK) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 32,704 shares of Delek US Holdings, Inc. for approximately $493,000, representing a 0.05% ownership stake by the end of the most recent quarter.
• Delek US reported a loss of ($2.32) EPS for the quarter, missing analysts' expectations, and its revenue decreased by 18.1% year-over-year to $2.64 billion.
• Analysts have set a range of new price targets for Delek US, with estimates varying from $13.25 to $30.00, reflecting differing opinions on the stock's future performance.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,704 shares of the oil and gas company's stock, valued at approximately $493,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Delek US at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Ion Asset Management Ltd. lifted its stake in Delek US by 16.5% in the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock valued at $63,918,000 after buying an additional 488,509 shares during the last quarter. Barclays PLC raised its stake in shares of Delek US by 23.1% during the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock valued at $34,078,000 after purchasing an additional 345,210 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Delek US by 21.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company's stock valued at $18,598,000 after purchasing an additional 180,498 shares in the last quarter. Systematic Financial Management LP raised its stake in shares of Delek US by 9.9% during the fourth quarter. Systematic Financial Management LP now owns 913,890 shares of the oil and gas company's stock valued at $16,907,000 after purchasing an additional 82,039 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Delek US by 8.0% during the fourth quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company's stock valued at $16,721,000 after purchasing an additional 66,815 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DK shares. Raymond James Financial lifted their target price on Delek US from $23.00 to $28.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Piper Sandler lifted their target price on Delek US from $17.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Mizuho upgraded Delek US from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $22.00 to $23.00 in a report on Tuesday, May 13th. Morgan Stanley upped their price target on Delek US from $15.00 to $19.00 and gave the company an "underweight" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group upped their price target on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Delek US has a consensus rating of "Hold" and a consensus price target of $20.60.

Delek US Stock Performance

Shares of DK traded down $0.25 during mid-day trading on Tuesday, reaching $21.14. The company's stock had a trading volume of 1,988,154 shares, compared to its average volume of 1,603,283. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $27.07. The stock has a market cap of $1.28 billion, a P/E ratio of -1.90 and a beta of 1.00. The business has a 50-day simple moving average of $22.10 and a two-hundred day simple moving average of $18.07. 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 released its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the business earned ($0.41) earnings per share. The business's quarterly revenue was down 18.1% on a year-over-year basis. As a group, equities research analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 11th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, August 11th. Delek US's dividend payout ratio (DPR) is presently -9.18%.

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.