IHT Wealth Management LLC Takes $611,000 Position in Delek US Holdings, Inc. (NYSE:DK)

IHT Wealth Management LLC bought a new stake in shares of Delek US Holdings, Inc. (NYSE:DK – Get Rating) in the 3rd quarter, Holdings Channel reports. The fund bought 22,525 shares of the oil and gas company’s stock, valued at approximately $611,000.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc acquired a new position in Delek US in the third quarter worth about $30,000. Financial Management Professionals Inc. acquired a new position in Delek US in the third quarter worth about $31,000. Advisor Group Holdings Inc. grew its stake in Delek US by 44.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 486 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Delek US by 61.3% in the first quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 793 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in Delek US in the second quarter worth about $81,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Delek US Stock Performance

DK opened at $22.18 on Friday. The business’s 50 day moving average is $25.51 and its 200-day moving average is $27.64. The stock has a market cap of $1.48 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79. Delek US Holdings, Inc. has a twelve month low of $18.10 and a twelve month high of $35.45.

Delek US (NYSE:DK – Get Rating) last released its quarterly earnings results on Tuesday, February 28th. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.05). The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $3.14 billion. Delek US had a net margin of 1.27% and a return on equity of 35.96%. The business’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period last year, the firm posted ($0.61) EPS. On average, analysts predict that Delek US Holdings, Inc. will post 4.75 earnings per share for the current year.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Friday, March 10th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, March 9th. This is a boost from Delek US’s previous quarterly dividend of $0.21. Delek US’s payout ratio is 25.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DK shares. Piper Sandler downgraded Delek US from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $49.00 to $32.00 in a research note on Friday, January 20th. Mizuho cut their target price on shares of Delek US from $30.00 to $25.00 in a report on Friday, March 10th. Wells Fargo & Company cut shares of Delek US from an “overweight” rating to an “underweight” rating and cut their target price for the stock from $40.00 to $24.00 in a report on Thursday, January 5th. Raymond James cut their target price on shares of Delek US from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday, March 14th. Finally, TheStreet cut shares of Delek US from a “b-” rating to a “c+” rating in a report on Wednesday, December 7th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.42.

Insider Buying and Selling

In other news, CFO Reuven Spiegel bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average price of $22.60 per share, with a total value of $45,200.00. Following the completion of the acquisition, the chief financial officer now directly owns 33,148 shares in the company, valued at $749,144.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Avigal Soreq bought 6,775 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average price of $22.63 per share, with a total value of $153,318.25. Following the completion of the acquisition, the chief executive officer now directly owns 94,400 shares in the company, valued at $2,136,272. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Reuven Spiegel bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average cost of $22.60 per share, for a total transaction of $45,200.00. Following the acquisition, the chief financial officer now owns 33,148 shares of the company’s stock, valued at $749,144.80. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.

Delek US Profile

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Delek US Holdings, Inc engages in petroleum refining, and the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.