Delek US Holdings, Inc. (NYSE:DK) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its holdings in Delek US Holdings, Inc. (NYSE:DK) by 71.5% in the second quarter, HoldingsChannel.com reports. The firm owned 140,623 shares of the oil and gas company’s stock after buying an additional 58,627 shares during the quarter. Algert Global LLC’s holdings in Delek US were worth $3,482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Delek US in the first quarter valued at approximately $172,000. TFO Wealth Partners LLC boosted its holdings in shares of Delek US by 627,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock valued at $162,000 after acquiring an additional 6,274 shares during the period. Bailard Inc. acquired a new stake in shares of Delek US in the second quarter valued at approximately $201,000. Capstone Investment Advisors LLC acquired a new stake in shares of Delek US in the first quarter valued at approximately $265,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Delek US in the first quarter valued at approximately $270,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Stock Down 0.8 %

Delek US stock opened at $18.74 on Tuesday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. The firm has a market capitalization 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 stock’s fifty day moving average is $20.60 and its two-hundred day moving average is $24.84.

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, beating the consensus estimate of ($1.42) by $0.50. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.31 billion. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. Delek US’s revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. Analysts predict that Delek US Holdings, Inc. will post -3.19 EPS for the current fiscal year.

Delek US Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TD Cowen cut their price target on Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company upped their price target on Delek US from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 3rd. Scotiabank cut their price target on Delek US from $27.00 to $25.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Wolfe Research assumed coverage on Delek US in a research note on Thursday, July 18th. They set an “underperform” rating and a $19.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded Delek US from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $23.00 to $26.00 in a research note on Tuesday, September 10th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Delek US has an average rating of “Hold” and an average price target of $24.73.

Insider Activity at Delek US

In related news, CEO Avigal Soreq acquired 5,651 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $20.42 per share, with a total value of $115,393.42. Following the completion of the purchase, the chief executive officer now directly owns 188,881 shares in the company, valued at $3,856,950.02. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

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.