Net Worth Advisory Group Makes New $159,000 Investment in Delek US Holdings, Inc. (NYSE:DK)

Net Worth Advisory Group purchased a new position in Delek US Holdings, Inc. (NYSE:DK) in the first quarter, HoldingsChannel.com reports. The firm purchased 10,524 shares of the oil and gas company’s stock, valued at approximately $159,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC increased its position in Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after buying an additional 1,311 shares in the last quarter. GAMMA Investing LLC increased its position in Delek US by 907.0% in the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock worth $63,000 after buying an additional 3,746 shares in the last quarter. Farther Finance Advisors LLC increased its position in Delek US by 77.4% in the first quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company’s stock worth $110,000 after buying an additional 3,105 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in Delek US in the fourth quarter worth about $209,000. Finally, Ellevest Inc. purchased a new stake in Delek US in the fourth quarter worth about $209,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DK shares. Morgan Stanley upped their price target on Delek US from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Monday, May 19th. Scotiabank dropped their price objective on Delek US from $24.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Piper Sandler dropped their price objective on Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Mizuho raised Delek US from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $22.00 to $23.00 in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group upped their price objective on Delek US from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Delek US currently has a consensus rating of “Hold” and a consensus target price of $17.60.

Delek US Price Performance

Shares of Delek US stock opened at $20.45 on Friday. The stock has a 50 day moving average of $16.11 and a 200 day moving average of $16.86. Delek US Holdings, Inc. has a 12 month low of $11.03 and a 12 month high of $25.68. The firm has a market cap of $1.24 billion, a PE ratio of -4.21 and a beta of 0.96. 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 (NYSE:DK) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing analysts’ consensus estimates of ($2.27) by ($0.05). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the company posted ($0.41) earnings per share. Delek US’s quarterly revenue was down 18.1% on a year-over-year basis. On average, research analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Monday, May 12th. Delek US’s payout ratio is presently -9.18%.

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.