109,304 Shares in Delek US Holdings, Inc. (NYSE:DK) Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans bought a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 109,304 shares of the oil and gas company’s stock, valued at approximately $2,706,000. Thrivent Financial for Lutherans owned 0.17% of Delek US at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SummerHaven Investment Management LLC boosted its position in shares of Delek US by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock valued at $813,000 after acquiring an additional 580 shares during the period. Shell Asset Management Co. lifted its stake in Delek US by 6.8% in the 1st quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company’s stock worth $304,000 after purchasing an additional 628 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Delek US by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 11,412 shares of the oil and gas company’s stock valued at $351,000 after purchasing an additional 754 shares during the period. Thoroughbred Financial Services LLC grew its position in shares of Delek US by 2.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock valued at $1,247,000 after purchasing an additional 1,246 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC increased its holdings in shares of Delek US by 5.1% in the first quarter. SYSTM Wealth Solutions LLC now owns 28,017 shares of the oil and gas company’s stock worth $861,000 after purchasing an additional 1,370 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wolfe Research initiated coverage on Delek US in a research note on Thursday, July 18th. They set an “underperform” rating and a $19.00 price objective for the company. Piper Sandler dropped their price target on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. TD Cowen decreased their price objective on shares of Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Mizuho raised shares of 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. raised shares of Delek US from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $23.00 to $26.00 in a research note on Tuesday, September 10th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.73.

Insider Buying and Selling

In other news, CEO Avigal Soreq purchased 5,651 shares of the company’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 transaction, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Delek US Price Performance

Shares of NYSE:DK opened at $18.74 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50. The stock has a market cap of $1.20 billion, a PE ratio of -15.11 and a beta of 1.14. The company’s fifty day moving average is $20.60 and its 200 day moving average is $24.84. Delek US Holdings, Inc. has a 52 week low of $18.35 and a 52 week high of $33.60.

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

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a $0.255 dividend. This is a boost 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 annualized dividend and a dividend yield of 5.44%. Delek US’s dividend payout ratio (DPR) is currently -82.26%.

About Delek US

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.