Delek US Holdings, Inc. (NYSE:DK) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in Delek US Holdings, Inc. (NYSE:DK) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 126,891 shares of the oil and gas company’s stock after buying an additional 1,600 shares during the period. Swiss National Bank owned 0.20% of Delek US worth $2,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DK. State Street Corp increased its holdings in shares of Delek US by 8.0% during the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after buying an additional 223,110 shares during the last quarter. FMR LLC grew its position in Delek US by 47.3% during the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after acquiring an additional 548,777 shares during the period. Barclays PLC increased its stake in Delek US by 51.5% during the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock worth $28,065,000 after acquiring an additional 508,719 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Delek US by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock worth $27,368,000 after purchasing an additional 63,502 shares during the period. Finally, Philosophy Capital Management LLC purchased a new position in shares of Delek US in the 3rd quarter worth about $21,471,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DK. Piper Sandler cut their target price on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Morgan Stanley decreased their target price on Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. Mizuho dropped their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. upped their price target 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 assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.40.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $13.70 per share, with a total value of $38,360.00. Following the acquisition, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders have bought 5,055 shares of company stock valued at $70,787. 1.80% of the stock is owned by corporate insiders.

Delek US Stock Up 0.3 %

DK opened at $16.08 on Friday. The company has a market capitalization of $1.01 billion, a PE ratio of -3.31 and a beta of 1.14. The business has a 50-day moving average of $17.12 and a 200-day moving average of $17.88. Delek US Holdings, Inc. has a fifty-two week low of $13.40 and a fifty-two week high of $33.60. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the company posted ($1.46) EPS. The business’s revenue was down 39.8% on a year-over-year basis. Equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.34%. Delek US’s dividend payout ratio is currently -11.54%.

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.