Delek US Holdings, Inc. (NYSE:DK) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP grew its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 913,890 shares of the oil and gas company's stock after purchasing an additional 82,039 shares during the quarter. Systematic Financial Management LP owned approximately 1.45% of Delek US worth $16,907,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sterling Capital Management LLC grew its stake in shares of Delek US by 728.3% during the fourth 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. KBC Group NV lifted its stake in shares of Delek US by 66.3% in the 4th 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 last quarter. ARS Investment Partners LLC bought a new position in shares of Delek US during the 4th quarter worth about $185,000. Abel Hall LLC bought a new stake in Delek US during the fourth quarter worth about $196,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Delek US during the fourth quarter worth approximately $209,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Stock Performance

DK traded up $1.53 on Thursday, reaching $19.44. The stock had a trading volume of 1,408,495 shares, compared to its average volume of 1,280,129. The company has a market cap of $1.18 billion, a P/E ratio of -3.98 and a beta of 0.74. Delek US Holdings, Inc. has a 12-month low of $11.03 and a 12-month high of $28.16. The business's 50-day moving average price is $14.65 and its two-hundred day moving average price is $16.70. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

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

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date was Monday, May 12th. Delek US's dividend payout ratio (DPR) is -9.18%.

Insider Buying and Selling

In related news, CFO Mark Wayne Hobbs bought 2,800 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the transaction, the chief financial officer now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 5,055 shares of company stock worth $70,787 in the last 90 days. Company insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DK shares. The Goldman Sachs Group reduced their target price on shares of Delek US from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Raymond James lowered their target price on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Piper Sandler dropped their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Morgan Stanley increased their price target on Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Monday. Finally, Wells Fargo & Company reduced their target price on Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Delek US presently has a consensus rating of "Hold" and an average price target of $17.10.

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.