Thrivent Financial for Lutherans Purchases New Shares in Delek US Holdings, Inc. (NYSE:DK)

Thrivent Financial for Lutherans acquired a new position in Delek US Holdings, Inc. (NYSE:DK) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 109,304 shares of the oil and gas company’s stock, valued at approximately $2,706,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Grizzlyrock Capital LLC purchased a new position in shares of Delek US during the fourth quarter valued at approximately $2,405,000. Heartland Advisors Inc. purchased a new stake in shares of Delek US in the first quarter worth $1,537,000. Rafferty Asset Management LLC increased its holdings in shares of Delek US by 35.2% during the fourth quarter. Rafferty Asset Management LLC now owns 185,458 shares of the oil and gas company’s stock valued at $4,785,000 after acquiring an additional 48,254 shares in the last quarter. Sei Investments Co. raised its position in shares of Delek US by 44.1% in the 1st quarter. Sei Investments Co. now owns 176,442 shares of the oil and gas company’s stock worth $5,424,000 after purchasing an additional 53,957 shares during the last quarter. Finally, Easterly Investment Partners LLC boosted its stake in Delek US by 26.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock worth $11,329,000 after purchasing an additional 96,531 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Transactions at Delek US

In related news, CEO Avigal Soreq purchased 5,651 shares of the business’s stock in a transaction on Friday, August 9th. The stock was acquired at an average price of $20.42 per share, with a total value of $115,393.42. Following the completion of the acquisition, the chief executive officer now owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Delek US Stock Down 0.8 %

DK stock opened at $18.74 on Tuesday. The business’s 50-day moving average is $20.60 and its two-hundred day moving average is $24.84. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -15.11 and a beta of 1.14. Delek US Holdings, Inc. has a fifty-two week low of $18.35 and a fifty-two week high of $33.60. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue was down 18.4% compared to the same quarter last year. As a group, analysts forecast that Delek US Holdings, Inc. will post -3.19 earnings per share for the current year.

Delek US Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.255 per share. This is an increase from Delek US’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.44%. Delek US’s payout ratio is presently -82.26%.

Analysts Set New Price Targets

A number of research firms have weighed in on DK. Mizuho upgraded shares of Delek US from an “underperform” rating to a “neutral” rating and reduced their price objective for the company from $28.00 to $26.00 in a research note on Monday, September 16th. Morgan Stanley reduced their price target on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. upgraded shares of Delek US from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $23.00 to $26.00 in a report on Tuesday, September 10th. Piper Sandler cut their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Finally, Wolfe Research assumed coverage on Delek US in a research note on Thursday, July 18th. They issued an “underperform” rating and a $19.00 price target for the company. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.73.

Delek US Company 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.