Swiss National Bank Has $2.35 Million Position in Delek US Holdings, Inc. (NYSE:DK)

Swiss National Bank grew its position in Delek US Holdings, Inc. (NYSE:DK) by 1.3% during the 4th quarter, HoldingsChannel reports. The firm owned 126,891 shares of the oil and gas company’s stock after purchasing an additional 1,600 shares during the quarter. Swiss National Bank’s holdings in Delek US were worth $2,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV increased its position in shares of Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 1,538 shares in the last quarter. ARS Investment Partners LLC acquired a new position in Delek US in the 4th quarter worth $185,000. Capstone Investment Advisors LLC bought a new position in Delek US during the 3rd quarter worth about $193,000. Abel Hall LLC acquired a new stake in shares of Delek US in the 4th quarter valued at about $196,000. Finally, XTX Topco Ltd acquired a new stake in shares of Delek US in the 3rd quarter valued at about $238,000. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the transaction, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. The trade was a 6.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders purchased 5,055 shares of company stock valued at $70,787. Company insiders own 1.80% of the company’s stock.

Delek US Trading Up 0.3 %

Delek US stock opened at $16.08 on Friday. The stock has a 50-day simple moving average of $17.12 and a 200 day simple moving average of $17.88. The stock has a market capitalization of $1.01 billion, a P/E ratio of -3.31 and a beta of 1.14. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a 52 week low of $13.40 and a 52 week high of $33.60.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the firm posted ($1.46) earnings per share. The firm’s revenue was down 39.8% compared to the same quarter last year. Analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio is presently -11.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DK shares. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. 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. Piper Sandler cut their price objective on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their target price on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Mizuho cut their price target 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. Five equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.40.

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.