F M Investments LLC Invests $4.30 Million in Delek US Holdings, Inc. (NYSE:DK)

F M Investments LLC purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 173,845 shares of the oil and gas company’s stock, valued at approximately $4,304,000. F M Investments LLC owned 0.27% of Delek US as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Delek US by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,139,059 shares of the oil and gas company’s stock valued at $106,790,000 after buying an additional 59,537 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Delek US by 3.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 777,576 shares of the oil and gas company’s stock valued at $20,061,000 after acquiring an additional 23,509 shares during the period. Norges Bank purchased a new stake in Delek US during the fourth quarter valued at about $16,341,000. Charles Schwab Investment Management Inc. boosted its position in Delek US by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 620,957 shares of the oil and gas company’s stock worth $16,021,000 after purchasing an additional 13,238 shares during the period. Finally, Raymond James & Associates boosted its holdings in Delek US by 1.0% in the 1st quarter. Raymond James & Associates now owns 520,494 shares of the oil and gas company’s stock worth $16,000,000 after buying an additional 5,170 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

Shares of Delek US stock traded up $0.55 during trading on Friday, hitting $20.42. 1,189,007 shares of the stock traded hands, compared to its average volume of 1,031,383. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -16.86 and a beta of 1.19. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 2.40. Delek US Holdings, Inc. has a 52 week low of $19.33 and a 52 week high of $33.60. The firm’s fifty day moving average is $22.32 and its 200-day moving average is $25.99.

Delek US (NYSE:DK) last issued its quarterly 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. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The business’s quarterly revenue was down 18.4% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. Research analysts expect that Delek US Holdings, Inc. will post -2.83 EPS for the current fiscal year.

Delek US Increases Dividend

The firm 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 5.00%. The ex-dividend date of this dividend was Monday, August 12th. This is a boost from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio (DPR) is presently -82.26%.

Insiders Place Their Bets

In related news, Director Richard J. Marcogliese purchased 2,750 shares of Delek US stock in a transaction that occurred on Wednesday, June 12th. The shares were acquired at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the transaction, the director now directly owns 42,863 shares in the company, valued at $1,028,283.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Avigal Soreq acquired 5,651 shares of the stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $20.42 per share, with a total value of $115,393.42. Following the completion of the purchase, the chief executive officer now owns 188,881 shares in the company, valued at approximately $3,856,950.02. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard J. Marcogliese bought 2,750 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average price of $23.99 per share, with a total value of $65,972.50. Following the completion of the acquisition, the director now owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The disclosure for this purchase can be found here. Insiders sold 2,854 shares of company stock valued at $65,603 over the last three months. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Delek US from $25.00 to $20.00 and set an “underweight” rating for the company in a report on Tuesday, July 16th. Scotiabank lowered their target price on shares of Delek US from $27.00 to $25.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Mizuho reduced their price target on shares of Delek US from $31.00 to $27.00 and set an “underperform” rating for the company in a research report on Thursday, June 20th. Piper Sandler lowered their price objective on Delek US from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. reduced their target price on Delek US from $25.00 to $23.00 and set an “underweight” rating for the company in a research report on Tuesday, July 2nd. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.30.

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.