HBK Investments L P grew its holdings in Delek US Holdings, Inc. (NYSE:DK) by 162.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,741 shares of the oil and gas company’s stock after acquiring an additional 97,583 shares during the period. HBK Investments L P owned about 0.19% of Delek US worth $5,511,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of DK. Meeder Asset Management Inc. grew its holdings in Delek US by 194.4% during the 4th quarter. Meeder Asset Management Inc. now owns 3,286 shares of the oil and gas company’s stock worth $115,000 after acquiring an additional 2,170 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Delek US in the 3rd quarter worth about $114,000. Hanseatic Management Services Inc. lifted its position in shares of Delek US by 18,606.3% in the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock worth $160,000 after buying an additional 5,954 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Delek US by 51.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock worth $188,000 after buying an additional 2,412 shares during the last quarter. Finally, Invictus RG bought a new stake in Delek US in the 4th quarter valued at about $269,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on DK shares. Bank of America downgraded shares of Delek US from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research report on Friday, December 8th. Zacks Investment Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research report on Thursday, December 14th. TheStreet upgraded shares of Delek US from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. Howard Weil upgraded shares of Delek US from a “sector perform” rating to a “focus list” rating and boosted their price target for the stock from $26.00 to $41.00 in a research report on Thursday, December 21st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Delek US in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $38.86.
NYSE DK opened at $42.34 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.45. Delek US Holdings, Inc. has a 12-month low of $20.65 and a 12-month high of $43.42. The company has a market capitalization of $3,452.43, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 1.85 and a beta of 1.44.
Delek US (NYSE:DK) last issued its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. Delek US had a net margin of 3.99% and a return on equity of 5.99%. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the company earned ($0.44) earnings per share. Delek US’s revenue for the quarter was up 129.0% on a year-over-year basis. analysts anticipate that Delek US Holdings, Inc. will post 2.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Monday, March 12th were given a dividend of $0.20 per share. The ex-dividend date was Friday, March 9th. This represents a $0.80 dividend on an annualized basis and a yield of 1.89%. This is a positive change from Delek US’s previous quarterly dividend of $0.15. Delek US’s payout ratio is 63.49%.
Delek US declared that its Board of Directors has initiated a stock buyback program on Monday, February 26th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
In other news, insider Anthony L. Miller sold 1,118 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $36.87, for a total value of $41,220.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Avigal Soreq sold 3,091 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $36.00, for a total transaction of $111,276.00. The disclosure for this sale can be found here. Insiders have sold 235,109 shares of company stock worth $8,782,256 in the last ninety days. 1.61% of the stock is currently owned by insiders.
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Delek US Company Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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