Ellevest Inc. Invests $209,000 in Delek US Holdings, Inc. (NYSE:DK)

Ellevest Inc. bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,303 shares of the oil and gas company’s stock, valued at approximately $209,000.

Several other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC raised its position in shares of Delek US by 728.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 1,311 shares during the last quarter. KBC Group NV raised its holdings in Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 1,538 shares during the last quarter. ARS Investment Partners LLC acquired a new stake in Delek US in the 4th quarter valued at about $185,000. Abel Hall LLC acquired a new stake in Delek US in the 4th quarter valued at about $196,000. Finally, Freestone Grove Partners LP acquired a new stake in Delek US in the 4th quarter valued at about $209,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Stock Up 0.5%

Shares of NYSE DK opened at $15.34 on Monday. The company has a 50 day simple moving average of $14.10 and a 200-day simple moving average of $16.61. The company has a market capitalization of $931.55 million, a P/E ratio of -3.16 and a beta of 0.74. 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 Holdings, Inc. has a 1 year low of $11.03 and a 1 year high of $28.91.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.27) by ($0.05). The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business’s revenue for the quarter was down 18.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.41) EPS. On average, equities research analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.65%. Delek US’s payout ratio is currently -9.18%.

Insider Buying and Selling

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was bought 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 represents a 6.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders purchased 5,055 shares of company stock valued at $70,787. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

DK has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of Delek US from $16.00 to $11.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Raymond James cut their price objective on shares of Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. UBS Group cut their price objective on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Mizuho cut their price objective on shares of Delek US from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Finally, Scotiabank cut their price objective on shares of Delek US from $24.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Delek US currently has an average rating of “Hold” and an average price target of $16.94.

Delek US 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.