Barclays PLC Boosts Holdings in Delek US Holdings, Inc. $DK

Barclays PLC grew its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 29.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,873,578 shares of the oil and gas company’s stock after purchasing an additional 425,896 shares during the period. Barclays PLC owned approximately 3.12% of Delek US worth $60,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DK. Aster Capital Management DIFC Ltd bought a new position in Delek US in the third quarter worth about $59,000. Savant Capital LLC purchased a new position in shares of Delek US during the 3rd quarter worth approximately $206,000. Victory Capital Management Inc. bought a new position in shares of Delek US in the 3rd quarter worth approximately $216,000. Merit Financial Group LLC purchased a new position in shares of Delek US in the 3rd quarter valued at approximately $219,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Delek US in the 3rd quarter valued at approximately $232,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DK shares. Wells Fargo & Company upped their price target on Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. lowered their price objective on Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Scotiabank set a $34.00 target price on shares of Delek US in a report on Friday, January 16th. UBS Group upped their target price on shares of Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Finally, TD Cowen increased their price target on shares of Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.46.

Insider Transactions at Delek US

In related news, CEO Avigal Soreq sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $41.08, for a total transaction of $2,054,000.00. Following the completion of the sale, the chief executive officer owned 251,678 shares of the company’s stock, valued at $10,338,932.24. This trade represents a 16.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shlomo Zohar sold 22,029 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $44.83, for a total transaction of $987,560.07. Following the completion of the transaction, the director owned 18,989 shares of the company’s stock, valued at approximately $851,276.87. The trade was a 53.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 142,764 shares of company stock valued at $5,989,317. 1.90% of the stock is currently owned by insiders.

Delek US Stock Down 5.4%

Shares of NYSE:DK opened at $40.02 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 5.89. The stock has a fifty day simple moving average of $32.58 and a two-hundred day simple moving average of $33.56. Delek US Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $45.74. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -114.33 and a beta of 0.75.

Delek US (NYSE:DK) last released its earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.54) earnings per share. On average, research analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.02 annualized dividend and a yield of 2.5%. Delek US’s payout ratio is -291.43%.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.