Heartland Advisors Inc. Has $5.19 Million Stock Position in Delek US Holdings, Inc. (NYSE:DK)

Heartland Advisors Inc. lessened its stake in Delek US Holdings, Inc. (NYSE:DK) by 29.0% in the 4th quarter, HoldingsChannel reports. The fund owned 280,300 shares of the oil and gas company’s stock after selling 114,575 shares during the quarter. Heartland Advisors Inc.’s holdings in Delek US were worth $5,186,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Intech Investment Management LLC bought a new position in Delek US in the third quarter valued at about $363,000. Charles Schwab Investment Management Inc. grew its holdings in Delek US by 10.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 721,790 shares of the oil and gas company’s stock valued at $13,534,000 after purchasing an additional 68,416 shares during the period. FMR LLC increased its stake in Delek US by 47.3% in 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 purchasing an additional 548,777 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Delek US by 92.3% in the third quarter. BNP Paribas Financial Markets now owns 188,020 shares of the oil and gas company’s stock worth $3,525,000 after purchasing an additional 90,230 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new stake in Delek US during the 3rd quarter worth $193,000. 97.01% of the stock is owned by institutional investors.

Delek US Stock Performance

Shares of NYSE DK opened at $15.66 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $978.83 million, a P/E ratio of -3.22 and a beta of 1.14. Delek US Holdings, Inc. has a 12 month low of $13.40 and a 12 month high of $33.60. The stock has a 50 day moving average of $17.03 and a 200-day moving average of $17.86.

Delek US (NYSE:DK) last released its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 28.21% and a negative net margin of 2.27%. The company’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period last year, the firm earned ($1.46) earnings per share. As a group, equities research analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 annualized dividend and a yield of 6.51%. Delek US’s dividend payout ratio is currently -11.54%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DK shares. Mizuho cut their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Piper Sandler decreased their price objective on Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Wells Fargo & Company boosted their target price on Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Friday, March 21st. Morgan Stanley decreased their price target on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. boosted their price objective 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. Five equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.40.

Insiders Place Their Bets

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 5,055 shares of company stock worth $70,787 over the last three months. Insiders own 1.80% of the company’s stock.

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.