Susquehanna Fundamental Investments LLC Invests $3.45 Million in Delek US Holdings, Inc. (NYSE:DK)

Susquehanna Fundamental Investments LLC acquired a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 186,403 shares of the oil and gas company's stock, valued at approximately $3,448,000. Susquehanna Fundamental Investments LLC owned 0.29% of Delek US at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. grew its stake in shares of Delek US by 2.3% in the fourth quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock valued at $973,000 after buying an additional 1,192 shares in the last quarter. Sterling Capital Management LLC grew its position in Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 1,311 shares in the last quarter. XTX Topco Ltd increased its stake in Delek US by 11.2% during the fourth quarter. XTX Topco Ltd now owns 14,122 shares of the oil and gas company's stock worth $261,000 after purchasing an additional 1,418 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Delek US by 8.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 19,500 shares of the oil and gas company's stock worth $361,000 after purchasing an additional 1,464 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 1,538 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Delek US

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the purchase, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 5,055 shares of company stock valued at $70,787 in the last three months. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DK shares. Piper Sandler reduced their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company reduced their price objective on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Wolfe Research raised Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Raymond James cut their price target on Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Mizuho decreased their price objective on Delek US from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Delek US presently has a consensus rating of "Hold" and a consensus target price of $16.94.

Delek US Stock Up 2.3 %

DK traded up $0.31 on Friday, reaching $13.81. The company's stock had a trading volume of 1,066,636 shares, compared to its average volume of 1,232,154. The company has a market capitalization of $863.30 million, a price-to-earnings ratio of -2.84 and a beta of 1.04. 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 quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The stock has a 50 day moving average of $14.23 and a two-hundred day moving average of $16.70.

Delek US (NYSE:DK - Get Free Report) last issued its 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 company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the company posted ($1.46) EPS. The company's quarterly revenue was down 39.8% on a year-over-year basis. As a group, analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

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 issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 7.39%. The ex-dividend date is Monday, May 12th. Delek US's payout ratio is currently -11.54%.

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.