MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Delek US Holdings, Inc. (NYSE:DK) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 36,088 shares of the oil and gas company’s stock after purchasing an additional 1,227 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Delek US were worth $668,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DK. Ion Asset Management Ltd. lifted its position in shares of Delek US by 16.5% in the 4th quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company’s stock worth $63,918,000 after purchasing an additional 488,509 shares during the period. Barclays PLC increased its position in shares of Delek US by 23.1% during the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company’s stock valued at $34,078,000 after buying an additional 345,210 shares during the period. Northern Trust Corp increased its position in shares of Delek US by 8.0% during the fourth quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company’s stock valued at $16,721,000 after buying an additional 66,815 shares during the period. Ameriprise Financial Inc. raised its stake in Delek US by 14.4% in the fourth quarter. Ameriprise Financial Inc. now owns 792,111 shares of the oil and gas company’s stock worth $14,654,000 after buying an additional 99,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Delek US by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company’s stock worth $14,186,000 after buying an additional 45,017 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Stock Up 1.8%

DK stock opened at $19.77 on Wednesday. The business has a 50 day moving average of $14.88 and a 200 day moving average of $16.77. The firm has a market cap of $1.20 billion, a PE ratio of -4.07 and a beta of 0.74. Delek US Holdings, Inc. has a twelve month low of $11.03 and a twelve month high of $27.90. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

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

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.16%. Delek US’s dividend payout ratio is currently -9.18%.

Insider Buying and Selling at Delek US

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of Delek US stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $13.70 per share, with a total value of $38,360.00. Following the acquisition, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. This trade represents a 6.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In 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.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group cut their price objective on Delek US from $21.00 to $13.25 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley raised their target price on Delek US from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Monday, May 19th. Scotiabank dropped their price target on Delek US from $24.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group increased their price objective on Delek US from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Finally, Piper Sandler lowered their price objective on Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.27.

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.