Systematic Financial Management LP Purchases 82,039 Shares of Delek US Holdings, Inc. (NYSE:DK)

Systematic Financial Management LP raised its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 913,890 shares of the oil and gas company's stock after acquiring an additional 82,039 shares during the period. Systematic Financial Management LP owned approximately 1.45% of Delek US worth $16,907,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of Delek US by 51.5% in the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock worth $28,065,000 after purchasing an additional 508,719 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in Delek US by 8.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 31,856 shares of the oil and gas company's stock valued at $589,000 after buying an additional 2,493 shares in the last quarter. ARS Investment Partners LLC bought a new stake in Delek US in the 4th quarter worth approximately $185,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Delek US during the 4th quarter worth approximately $920,000. Finally, Mutual Advisors LLC raised its holdings in shares of Delek US by 26.3% during the 4th quarter. Mutual Advisors LLC now owns 65,754 shares of the oil and gas company's stock worth $1,316,000 after acquiring an additional 13,689 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Activity

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the transaction, the chief financial officer now owns 49,138 shares of the company's stock, valued at approximately $673,190.60. This trade represents a 6.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 5,055 shares of company stock valued at $70,787. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DK shares. 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. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $22.00 to $23.00 in a report on Tuesday, May 13th. UBS Group decreased their target price on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group dropped their price target on Delek US from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their price objective 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. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $17.10.

Delek US Stock Performance

Shares of DK stock remained flat at $18.63 on Tuesday. The company had a trading volume of 1,568,234 shares, compared to its average volume of 1,274,738. The business has a 50 day moving average of $14.53 and a two-hundred day moving average of $16.68. Delek US Holdings, Inc. has a 52-week low of $11.03 and a 52-week high of $28.57. 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 company has a market cap of $1.13 billion, a PE ratio of -3.83 and a beta of 0.74.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.56 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm's revenue for the quarter was down 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.41) earnings per share. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Monday, May 12th. Delek US's dividend payout ratio (DPR) is presently -9.18%.

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.