Bank of New York Mellon Corp Has $4.53 Million Stake in Delek US Holdings, Inc. (NYSE:DK)

Bank of New York Mellon Corp decreased its stake in Delek US Holdings, Inc. (NYSE:DK) by 54.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 244,902 shares of the oil and gas company’s stock after selling 292,740 shares during the quarter. Bank of New York Mellon Corp owned 0.39% of Delek US worth $4,531,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV lifted its stake in 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 buying an additional 1,538 shares during the period. ARS Investment Partners LLC bought a new stake in shares of Delek US in the fourth quarter worth about $185,000. Capstone Investment Advisors LLC bought a new stake in shares of Delek US in the third quarter worth about $193,000. Abel Hall LLC bought a new stake in shares of Delek US in the fourth quarter worth about $196,000. Finally, XTX Topco Ltd bought a new stake in shares of Delek US in the third quarter worth about $238,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have purchased a total of 5,055 shares of company stock worth $70,787 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Delek US Stock Performance

DK opened at $16.02 on Tuesday. Delek US Holdings, Inc. has a 12-month low of $13.40 and a 12-month high of $33.60. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -3.30 and a beta of 1.14. The business has a 50 day moving average of $17.55 and a 200-day moving average of $18.06. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same period in the previous year, the business posted ($1.46) earnings per share. On average, equities research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.255 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 6.37%. Delek US’s dividend payout ratio (DPR) is presently -11.54%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley lowered their price target on Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Wells Fargo & Company decreased their price objective on Delek US from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, February 26th. Mizuho decreased their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. increased their price objective on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.30.

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.