Mercer Global Advisors Inc. ADV Buys Shares of 28,749 Delek US Holdings, Inc. (NYSE:DK)

Mercer Global Advisors Inc. ADV purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 28,749 shares of the oil and gas company's stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Freestone Grove Partners LP acquired a new position in shares of Delek US in the 4th quarter valued at approximately $209,000. Ion Asset Management Ltd. increased its stake in shares of 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 worth $63,918,000 after buying an additional 488,509 shares during the last quarter. Northern Trust Corp raised its holdings in Delek US by 8.0% in 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 acquiring an additional 66,815 shares in the last quarter. Aquatic Capital Management LLC boosted its stake in Delek US by 430.7% during the 4th quarter. Aquatic Capital Management LLC now owns 45,641 shares of the oil and gas company's stock valued at $844,000 after acquiring an additional 37,041 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its holdings in Delek US by 0.9% during the 4th quarter. Boothbay Fund Management LLC now owns 213,586 shares of the oil and gas company's stock worth $3,951,000 after acquiring an additional 1,921 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DK shares. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and upped their target price for the company from $22.00 to $23.00 in a research note on Tuesday. Piper Sandler cut their price objective on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. UBS Group decreased their target price on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Raymond James lowered their price target on Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group reduced 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 research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Delek US has a consensus rating of "Hold" and an average target price of $17.02.

Delek US Stock Performance

NYSE DK traded up $0.33 during trading hours on Friday, hitting $18.89. The company had a trading volume of 2,026,613 shares, compared to its average volume of 1,266,735. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm has a market cap of $1.15 billion, a P/E ratio of -3.89 and a beta of 0.74. Delek US Holdings, Inc. has a fifty-two week low of $11.03 and a fifty-two week high of $28.91. The business has a fifty day simple moving average of $14.34 and a 200-day simple moving average of $16.63.

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 for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm's revenue was down 18.1% on a year-over-year basis. During the same period last year, the business earned ($0.41) EPS. Equities analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The firm 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 of this dividend is Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.40%. Delek US's dividend payout ratio (DPR) is presently -9.18%.

Insider Transactions at Delek US

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the purchase, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at approximately $673,190.60. The trade was a 6.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders acquired 5,055 shares of company stock worth $70,787. Company insiders own 1.80% of the company's stock.

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.