Delek US Holdings, Inc. (NYSE:DK) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. trimmed its stake in Delek US Holdings, Inc. (NYSE:DK) by 29.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 280,300 shares of the oil and gas company’s stock after selling 114,575 shares during the quarter. Heartland Advisors Inc. owned approximately 0.44% of Delek US worth $5,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kawa Capital Management Inc acquired a new stake in Delek US during the 4th quarter worth about $4,297,000. Norges Bank purchased a new position in Delek US during the 4th quarter valued at about $6,815,000. Easterly Investment Partners LLC increased its holdings in shares of Delek US by 2.9% in the 4th quarter. Easterly Investment Partners LLC now owns 765,249 shares of the oil and gas company’s stock valued at $14,157,000 after purchasing an additional 21,210 shares during the period. LPL Financial LLC lifted its position in shares of Delek US by 64.6% in the fourth quarter. LPL Financial LLC now owns 66,085 shares of the oil and gas company’s stock worth $1,223,000 after purchasing an additional 25,937 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Delek US during the fourth quarter valued at approximately $528,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Delek US

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the acquisition, the chief financial officer now owns 49,138 shares of the company’s stock, valued at $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders bought 5,055 shares of company stock worth $70,787. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Piper Sandler lowered their target price on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Morgan Stanley cut their price objective on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. increased their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company upped their price objective on shares of Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, March 21st. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.40.

Delek US Stock Down 2.6 %

DK opened at $15.66 on Friday. The business has a 50 day moving average of $17.03 and a 200-day moving average of $17.86. The stock has a market capitalization of $978.83 million, a price-to-earnings ratio of -3.22 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 1-year low of $13.40 and a 1-year high of $33.60.

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

Delek US Dividend Announcement

The company also recently disclosed 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 6.51%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio is presently -11.54%.

Delek US Company 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.