Ellevest Inc. Purchases Shares of 11,303 Delek US Holdings, Inc. (NYSE:DK)

Ellevest Inc. purchased a new stake in Delek US Holdings, Inc. (NYSE:DK) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 11,303 shares of the oil and gas company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its holdings in shares of Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 1,311 shares in the last quarter. KBC Group NV raised its holdings in shares of 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 purchasing an additional 1,538 shares in the last quarter. ARS Investment Partners LLC acquired a new stake in shares of Delek US in the 4th quarter valued at $185,000. Abel Hall LLC acquired a new stake in shares of Delek US in the 4th quarter valued at $196,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Delek US in the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DK shares. UBS Group reduced their price objective on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Scotiabank reduced their price objective on shares of Delek US from $24.00 to $14.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Raymond James reduced their price objective on shares of Delek US from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group cut their price target on shares of Delek US from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Finally, Morgan Stanley cut their price target on shares of Delek US from $18.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.94.

Delek US Trading Up 0.5%

NYSE DK opened at $15.34 on Monday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The firm has a market cap of $931.55 million, a PE ratio of -3.16 and a beta of 0.74. Delek US Holdings, Inc. has a one year low of $11.03 and a one year high of $28.91. The firm’s fifty day moving average is $14.10 and its two-hundred day moving average is $16.61.

Delek US (NYSE:DK) last posted its quarterly earnings data 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). The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company’s revenue for the quarter was down 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.41) earnings per share. Analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

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

Insider Buying and Selling at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $673,190.60. The trade was a 6.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have acquired 5,055 shares of company stock worth $70,787. 1.80% of the stock is owned by company insiders.

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.