Kennedy Capital Management LLC Purchases 27,589 Shares of Delek US Holdings, Inc. (NYSE:DK)

Kennedy Capital Management LLC lifted its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,453 shares of the oil and gas company's stock after purchasing an additional 27,589 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.43% of Delek US worth $5,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its holdings in Delek US by 8.0% in the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company's stock valued at $56,612,000 after buying an additional 223,110 shares during the period. XTX Topco Ltd bought a new stake in Delek US in the third quarter valued at about $238,000. Orion Portfolio Solutions LLC raised its position in Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company's stock worth $342,000 after purchasing an additional 1,292 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Delek US by 123.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 42,125 shares of the oil and gas company's stock worth $790,000 after purchasing an additional 23,298 shares during the period. Finally, Barclays PLC boosted its holdings in Delek US by 51.5% during the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock valued at $28,065,000 after purchasing an additional 508,719 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DK has been the topic of a number of analyst reports. Wells Fargo & Company lowered 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. Mizuho dropped their target price on shares of Delek US from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Raymond James reduced their price target on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. UBS Group decreased their price objective on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $17.48.

Delek US Trading Up 5.8 %

NYSE:DK traded up $0.70 during trading hours on Friday, hitting $12.87. 1,192,238 shares of the stock were exchanged, compared to its average volume of 1,212,117. The company's 50 day moving average is $15.19 and its two-hundred day moving average is $17.16. The company has a market capitalization of $804.67 million, a P/E ratio of -2.65 and a beta of 1.04. Delek US Holdings, Inc. has a twelve month low of $11.03 and a twelve month high of $30.22. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the business earned ($1.46) EPS. Delek US's revenue was down 39.8% on a year-over-year basis. On average, sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 annualized dividend and a yield of 7.92%. Delek US's dividend payout ratio is currently -11.54%.

Insiders Place Their Bets

In related news, CFO Mark Wayne Hobbs bought 2,800 shares of Delek US 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 completion of the acquisition, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders acquired 5,055 shares of company stock valued at $70,787. Company insiders own 1.90% 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.