Citigroup Inc. Buys 49,090 Shares of Delek US Holdings, Inc. (NYSE:DK)

Citigroup Inc. lifted its position in Delek US Holdings, Inc. (NYSE:DK) by 20.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,827 shares of the oil and gas company’s stock after buying an additional 49,090 shares during the quarter. Citigroup Inc. owned approximately 0.44% of Delek US worth $6,697,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DK. Bessemer Group Inc. increased its stake in Delek US by 56.5% in the 1st quarter. Bessemer Group Inc. now owns 158,058 shares of the oil and gas company’s stock worth $3,626,000 after acquiring an additional 57,070 shares during the last quarter. New York Life Investment Management LLC increased its position in shares of Delek US by 12.0% in the fourth quarter. New York Life Investment Management LLC now owns 26,961 shares of the oil and gas company’s stock worth $728,000 after purchasing an additional 2,893 shares during the last quarter. First Trust Advisors LP raised its stake in Delek US by 880.4% in the fourth quarter. First Trust Advisors LP now owns 144,220 shares of the oil and gas company’s stock valued at $3,894,000 after purchasing an additional 129,509 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Delek US by 34.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,418 shares of the oil and gas company’s stock valued at $281,000 after purchasing an additional 2,654 shares during the last quarter. Finally, Praetorian Capital Management LLC purchased a new position in Delek US in the 1st quarter worth approximately $1,978,000. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Delek US

In other news, Director Laurie Z. Tolson sold 2,700 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $26.67, for a total value of $72,009.00. Following the completion of the sale, the director now directly owns 12,340 shares of the company’s stock, valued at approximately $329,107.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DK shares. StockNews.com began coverage on shares of Delek US in a report on Thursday, August 17th. They set a “hold” rating for the company. Piper Sandler upped their price objective on Delek US from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, August 11th. Bank of America raised their price objective on Delek US from $27.50 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. TheStreet lowered Delek US from a “b” rating to a “c+” rating in a research note on Monday, August 7th. Finally, Mizuho increased their price target on shares of Delek US from $26.00 to $28.00 and gave the company an “underperform” rating in a research report on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.00.

Delek US Stock Performance

Shares of NYSE:DK opened at $25.75 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -31.79, a price-to-earnings-growth ratio of 1.35 and a beta of 1.46. Delek US Holdings, Inc. has a 12 month low of $19.39 and a 12 month high of $35.45. The company has a 50-day moving average price of $25.62 and a 200-day moving average price of $24.11.

Delek US (NYSE:DK) last released its quarterly earnings data on Monday, August 7th. The oil and gas company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.26. Delek US had a positive return on equity of 19.37% and a negative net margin of 0.31%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the business posted $4.40 EPS. The business’s revenue was down 28.8% on a year-over-year basis. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post 3.86 EPS for the current year.

Delek US Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 14th were issued a $0.235 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.94 annualized dividend and a yield of 3.65%. This is a boost from Delek US’s previous quarterly dividend of $0.23. Delek US’s payout ratio is -116.05%.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.