1 week Ago By Defense World Staff
American Century Companies Inc. boosted its stake in shares of Delek US Holdings, Inc. ( NYSE:DK – Free Report ) by 6.
7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,965 shares of the oil and gas company’s stock after buying an additional 9,548 shares during the period. American Century Companies Inc.
owned about 0.24% of Delek US worth $2,830,000 at the end of the most recent reporting period. A number of other hedge funds also recently bought and sold shares of the company.
FMR LLC raised its holdings in shares of Delek US by 47.3% during the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after acquiring an additional 548,777 shares during the period.
Barclays PLC grew its position in Delek US by 51.5% during the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock worth $28,065,000 after purchasing an additional 508,719 shares in the last quarter.
Raymond James Financial Inc. acquired a new stake in Delek US during the 4th quarter valued at $5,100,000. State Street Corp lifted its holdings in shares of Delek US by 8.
0% in the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock valued at $56,612,000 after purchasing an additional 223,110 shares in the last quarter. Finally, JPMorgan Chase & Co.
boosted its position in shares of Delek US by 76.8% in the third quarter. JPMorgan Chase & Co.
now owns 482,169 shares of the oil and gas company’s stock worth $9,041,000 after buying an additional 209,474 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades Several research analysts recently weighed in on the company. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Piper Sandler reduced their price target on shares of Delek US from $18.
00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Mizuho lowered their price objective on shares of Delek US from $26.
00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co.
increased their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.
Finally, Wells Fargo & Company lifted their target price on shares of Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Friday, March 21st.
Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, Delek US has an average rating of “Hold” and a consensus target price of $19.11.
Delek US Stock Up 2.5 % Delek US stock opened at $12.40 on Tuesday.
The company has a market capitalization of $774.85 million, a P/E ratio of -2.55 and a beta of 1.
04. Delek US Holdings, Inc. has a 1-year low of $11.
03 and a 1-year high of $33.27. The firm’s fifty day simple moving average is $16.
46 and its 200-day simple moving average is $17.60. The company has a current ratio of 1.
04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.
Delek US ( NYSE:DK – Get Free Report ) last posted 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 company had revenue of $2.
37 billion for the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative net margin of 2.
27% and a negative return on equity of 28.21%. Delek US’s quarterly revenue was down 39.
8% on a year-over-year basis. During the same quarter last year, the business earned ($1.46) earnings per share.
Sell-side analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.
Delek US Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a $0.255 dividend.
The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 8.
23%. Delek US’s payout ratio is presently -11.54%.
Insider Buying and Selling In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, for a total transaction of $38,360.
00. Following the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60.
This trade represents a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
Insiders have bought 5,055 shares of company stock worth $70,787 in the last quarter. 1.80% of the stock is currently owned by company insiders.
Delek US Profile ( Free Report ) 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.
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