Delek US Holdings, Inc. (NYSE:DK) Stock Holdings Raised by Ion Asset Management Ltd.

Ion Asset Management Ltd. increased its holdings in Delek US Holdings, Inc. (NYSE:DK) by 16.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,455,000 shares of the oil and gas company’s stock after purchasing an additional 488,509 shares during the period. Delek US makes up about 3.7% of Ion Asset Management Ltd.’s holdings, making the stock its 6th biggest holding. Ion Asset Management Ltd. owned approximately 5.47% of Delek US worth $63,918,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DK. Northern Trust Corp grew its stake in shares of Delek US by 8.0% in the 4th quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company’s stock worth $16,721,000 after buying an additional 66,815 shares during the last quarter. Aquatic Capital Management LLC grew its position in Delek US by 430.7% during the 4th quarter. Aquatic Capital Management LLC now owns 45,641 shares of the oil and gas company’s stock valued at $844,000 after purchasing an additional 37,041 shares during the last quarter. Boothbay Fund Management LLC raised its holdings in Delek US by 0.9% in the fourth quarter. Boothbay Fund Management LLC now owns 213,586 shares of the oil and gas company’s stock worth $3,951,000 after buying an additional 1,921 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Delek US during the fourth quarter valued at approximately $3,448,000. Finally, Coppell Advisory Solutions LLC raised its holdings in Delek US by 21.5% in 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 acquiring an additional 21,795 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Activity at Delek US

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of the company’s stock in a transaction on 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 completion of the acquisition, the chief financial officer now owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 5,055 shares of company stock worth $70,787 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DK has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Delek US from $16.00 to $11.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Morgan Stanley cut their price objective on Delek US from $18.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Mizuho reduced their price objective 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. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Raymond James dropped their price target on Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.11.

Delek US Price Performance

DK opened at $13.63 on Tuesday. The company has a 50 day moving average of $14.48 and a two-hundred day moving average of $16.81. Delek US Holdings, Inc. has a 52-week low of $11.03 and a 52-week high of $29.49. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The company has a market cap of $852.05 million, a P/E ratio of -2.80 and a beta of 1.04.

Delek US (NYSE:DK) last announced its earnings results 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). The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s revenue was down 39.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.46) earnings per share. On average, 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 declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio (DPR) 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.