Boothbay Fund Management LLC Has $3.95 Million Stake in Delek US Holdings, Inc. (NYSE:DK)

Boothbay Fund Management LLC raised its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,586 shares of the oil and gas company’s stock after buying an additional 1,921 shares during the period. Boothbay Fund Management LLC owned 0.34% of Delek US worth $3,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DK. Susquehanna Fundamental Investments LLC bought a new position in shares of Delek US in the 4th quarter valued at approximately $3,448,000. Coppell Advisory Solutions LLC boosted its holdings in shares of Delek US by 21.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 123,315 shares of the oil and gas company’s stock worth $2,188,000 after buying an additional 21,795 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Delek US by 21.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,042 shares of the oil and gas company’s stock valued at $1,000,000 after buying an additional 9,600 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Delek US by 100.9% in the 4th quarter. Hsbc Holdings PLC now owns 163,796 shares of the oil and gas company’s stock worth $3,063,000 after acquiring an additional 82,279 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Delek US by 532.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,699 shares of the oil and gas company’s stock worth $253,000 after acquiring an additional 11,534 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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 dated Tuesday, March 11th. The shares were bought at an average price of $13.70 per share, with a total value of $38,360.00. Following the purchase, the chief financial officer now owns 49,138 shares of the company’s stock, valued at $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have bought 5,055 shares of company stock worth $70,787. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

DK has been the topic of several research analyst reports. UBS Group lowered their price objective on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Mizuho decreased their price target on shares of Delek US from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. 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 research report on Friday, April 11th. Raymond James decreased their target price on Delek US from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, Morgan Stanley cut their price target on Delek US from $18.00 to $14.00 and set an “underweight” rating for the company in a report on Thursday. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Delek US has a consensus rating of “Hold” and a consensus price target of $17.11.

Delek US Stock Performance

Shares of NYSE:DK opened at $13.10 on Friday. The business has a fifty day moving average of $14.57 and a 200-day moving average of $16.87. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a twelve month low of $11.03 and a twelve month high of $29.49. The firm has a market cap of $818.92 million, a PE ratio of -2.70 and a beta of 1.04.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the business posted ($1.46) EPS. The company’s revenue was down 39.8% compared to the same quarter last year. On average, equities research analysts predict 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, March 10th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 7.79%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio is -11.54%.

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.