Insider Buying: Delek US Holdings, Inc. (NYSE:DK) CFO Acquires $38,360.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) CFO Mark Wayne Hobbs bought 2,800 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $13.70 per share, with a total value of $38,360.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Delek US Stock Up 7.1 %

Delek US stock opened at $15.66 on Friday. The business has a fifty day moving average of $17.60 and a two-hundred day moving average of $18.10. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm has a market cap of $978.64 million, a P/E ratio of -3.22 and a beta of 1.15. Delek US Holdings, Inc. has a twelve month low of $13.40 and a twelve month high of $33.60.

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

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s payout ratio is presently -11.54%.

Hedge Funds Weigh In On Delek US

A number of large investors have recently made changes to their positions in DK. US Bancorp DE increased its position in shares of Delek US by 691.5% during the third quarter. US Bancorp DE now owns 16,195 shares of the oil and gas company’s stock worth $304,000 after purchasing an additional 14,149 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Delek US by 17.2% during the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after purchasing an additional 480,614 shares in the last quarter. MQS Management LLC acquired a new position in shares of Delek US in the 3rd quarter valued at $201,000. Empowered Funds LLC increased its position in shares of Delek US by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 319,587 shares of the oil and gas company’s stock valued at $5,992,000 after acquiring an additional 16,214 shares during the period. Finally, Quest Partners LLC increased its position in shares of Delek US by 279.4% in the 3rd quarter. Quest Partners LLC now owns 22,163 shares of the oil and gas company’s stock valued at $416,000 after acquiring an additional 16,321 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on DK shares. Morgan Stanley dropped 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. Wells Fargo & Company dropped their target price on Delek US from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Wednesday, February 26th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho lowered their price target 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. boosted their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Five analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.30.

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.