First Trust Advisors LP Buys 64,725 Shares of Delek US Holdings, Inc. (NYSE:DK)

First Trust Advisors LP raised its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 114.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,037 shares of the oil and gas company's stock after purchasing an additional 64,725 shares during the quarter. First Trust Advisors LP owned approximately 0.19% of Delek US worth $2,239,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after buying an additional 1,311 shares during the last quarter. KBC Group NV boosted its stake in shares of Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock worth $71,000 after acquiring an additional 1,538 shares in the last quarter. ARS Investment Partners LLC acquired a new position in shares of Delek US during the 4th quarter valued at about $185,000. Abel Hall LLC bought a new position in shares of Delek US in the 4th quarter valued at approximately $196,000. Finally, Diametric Capital LP acquired a new stake in Delek US in the 4th quarter worth approximately $251,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Stock Performance

Shares of NYSE DK traded up $0.07 during trading hours on Friday, reaching $15.34. The stock had a trading volume of 2,235,558 shares, compared to its average volume of 1,245,053. Delek US Holdings, Inc. has a twelve month low of $11.03 and a twelve month high of $28.91. 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 business's fifty day moving average is $14.10 and its two-hundred day moving average is $16.61. The company has a market cap of $958.95 million, a price-to-earnings ratio of -3.16 and a beta of 0.74.

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) EPS for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. Delek US's revenue was down 18.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.41) earnings per share. As a group, research analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date is Monday, May 12th. Delek US's payout ratio is -11.54%.

Insider Activity

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, with a total value of $38,360.00. Following the acquisition, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have purchased 5,055 shares of company stock worth $70,787. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DK shares. Scotiabank lowered their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Piper Sandler lowered their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Morgan Stanley cut their target price on shares of Delek US from $18.00 to $14.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Raymond James lowered their price target on Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group dropped their price objective on Delek US from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $16.94.

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.