Delek US Holdings, Inc. (NYSE:DK) Stock Holdings Lifted by Creative Planning

Creative Planning raised its holdings in Delek US Holdings, Inc. (NYSE:DK) by 126.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,135 shares of the oil and gas company’s stock after acquiring an additional 10,697 shares during the quarter. Creative Planning’s holdings in Delek US were worth $474,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in Delek US in the 1st quarter worth approximately $172,000. Bailard Inc. acquired a new stake in shares of Delek US in the second quarter worth $201,000. Chesapeake Capital Corp IL bought a new stake in shares of Delek US during the 2nd quarter worth $223,000. Capstone Investment Advisors LLC acquired a new position in Delek US in the 1st quarter valued at $265,000. Finally, Counterpoint Mutual Funds LLC bought a new position in Delek US in the 1st quarter worth $270,000. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, CEO Avigal Soreq purchased 5,651 shares of Delek US stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $20.42 per share, with a total value of $115,393.42. Following the completion of the transaction, the chief executive officer now owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DK. Wolfe Research initiated coverage on Delek US in a research report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price objective for the company. Wells Fargo & Company reduced their price target on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. Scotiabank reduced their price target on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $28.00 to $26.00 in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. cut their price target on Delek US from $26.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $23.55.

Delek US Stock Performance

Shares of NYSE:DK opened at $17.29 on Wednesday. The firm’s 50 day simple moving average is $19.88 and its 200 day simple moving average is $23.97. Delek US Holdings, Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $33.60. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -13.94 and a beta of 1.13. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $3.31 billion. During the same period last year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was down 18.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Delek US Holdings, Inc. will post -3.79 earnings per share for the current year.

Delek US Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 5.90%. The ex-dividend date was Monday, August 12th. This is a boost from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio is -82.26%.

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.