Delek US Holdings, Inc. (NYSE:DK) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 100.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 163,796 shares of the oil and gas company's stock after buying an additional 82,279 shares during the quarter. Hsbc Holdings PLC owned about 0.26% of Delek US worth $3,063,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in shares of 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 purchasing an additional 1,311 shares during the period. KBC Group NV boosted its position in shares of Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock worth $71,000 after buying an additional 1,538 shares during the period. ARS Investment Partners LLC acquired a new stake in shares of Delek US in the fourth quarter valued at $185,000. Abel Hall LLC purchased a new stake in shares of Delek US in the 4th quarter valued at $196,000. Finally, Diametric Capital LP acquired a new position in Delek US during the 4th quarter worth about $251,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 5,055 shares of company stock valued at $70,787 over the last 90 days. Insiders own 1.80% of the company's stock.

Delek US Stock Performance

Shares of NYSE:DK traded up $0.31 during trading on Friday, reaching $13.81. The company had a trading volume of 1,066,636 shares, compared to its average volume of 1,232,154. Delek US Holdings, Inc. has a fifty-two week low of $11.03 and a fifty-two week high of $29.14. 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 stock's fifty day moving average price is $14.23 and its 200 day moving average price is $16.70. The firm has a market capitalization of $863.30 million, a price-to-earnings ratio of -2.84 and a beta of 1.04.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company's revenue was down 39.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.46) earnings per share. As a group, equities research analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be issued 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 7.39%. Delek US's dividend payout ratio (DPR) is presently -11.54%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Scotiabank lowered their price objective on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Piper Sandler decreased their target price on 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 lowered their target price on Delek US from $18.00 to $14.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company reduced 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. Finally, Mizuho lowered their price objective on Delek US from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Delek US has an average rating of "Hold" and an average price target of $16.94.

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.