First Trust Advisors LP Has $2.24 Million Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

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

Several other large investors have also bought and sold shares of the business. Callodine Capital Management LP bought a new stake in Delek US in the fourth quarter valued at approximately $648,000. XTX Topco Ltd increased its position 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 buying an additional 1,418 shares in the last quarter. Barclays PLC raised its stake in Delek US by 23.1% during the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock worth $34,078,000 after buying an additional 345,210 shares during the period. Sterling Capital Management LLC raised its stake 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 worth $28,000 after buying an additional 1,311 shares during the period. Finally, Inlight Wealth Management LLC bought a new position in Delek US during the fourth quarter worth about $2,549,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DK. Wells Fargo & Company dropped their price target on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Mizuho cut their price target on shares of Delek US from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler reduced their price target on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Morgan Stanley dropped their price objective on shares of Delek US from $18.00 to $14.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group reduced their target price on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Delek US currently has a consensus rating of "Hold" and a consensus price target of $16.94.

Delek US Stock Performance

Shares of DK traded down $0.02 during mid-day trading on Wednesday, reaching $14.01. The company's stock had a trading volume of 2,433,208 shares, compared to its average volume of 1,239,230. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 1-year low of $11.03 and a 1-year high of $28.91. The business has a 50-day simple moving average of $14.17 and a two-hundred day simple moving average of $16.65. The stock has a market cap of $875.81 million, a P/E ratio of -2.88 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 the consensus estimate of ($1.55) by ($0.77). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. During the same quarter last year, the company earned ($0.41) earnings per share. The firm's revenue was down 18.1% compared to the same quarter last year. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.255 per share. The ex-dividend date is Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 7.28%. Delek US's dividend payout ratio (DPR) is currently -11.54%.

Insider Buying and Selling

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders bought 5,055 shares of company stock valued at $70,787. Insiders own 1.80% of the company's stock.

Delek US Company 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.