Delek US Holdings, Inc. (NYSE:DK) Shares Acquired by Creative Planning

Creative Planning increased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 126.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,135 shares of the oil and gas company’s stock after purchasing an additional 10,697 shares during the quarter. Creative Planning’s holdings in Delek US were worth $474,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DK. Allspring Global Investments Holdings LLC purchased a new position in shares of Delek US during the first quarter worth about $172,000. Bailard Inc. acquired a new stake in shares of Delek US in the 2nd quarter valued at approximately $201,000. Chesapeake Capital Corp IL acquired a new stake in Delek US in the second quarter valued at $223,000. Capstone Investment Advisors LLC acquired a new position in shares of Delek US during the 1st quarter worth $265,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Delek US in the 1st quarter valued at about $270,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Trading Down 7.1 %

Shares of NYSE DK opened at $17.29 on Wednesday. Delek US Holdings, Inc. has a 52-week low of $17.21 and a 52-week high of $33.60. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $1.11 billion, a P/E ratio of -13.94 and a beta of 1.13. The stock’s 50 day moving average price is $19.88 and its two-hundred day moving average price is $23.97.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. Delek US’s quarterly revenue was down 18.4% compared to the same quarter last year. On average, analysts anticipate that Delek US Holdings, Inc. will post -3.79 earnings per share for the current fiscal year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio is currently -82.26%.

Insider Activity

In other Delek US news, CEO Avigal Soreq purchased 5,651 shares of the business’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $20.42 per share, with a total value of $115,393.42. Following the acquisition, the chief executive officer now owns 188,881 shares of the company’s stock, valued at $3,856,950.02. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wolfe Research initiated coverage on Delek US in a research note on Thursday, July 18th. They issued an “underperform” rating and a $19.00 price objective for the company. Mizuho upgraded shares of Delek US from an “underperform” rating to a “neutral” rating and dropped their target price for the company from $28.00 to $26.00 in a report on Monday, September 16th. TD Cowen reduced their price target on shares of Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company reduced their target price on Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price target on Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Delek US currently has a consensus rating of “Hold” and an average price target of $23.55.

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.