F M Investments LLC Boosts Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

F M Investments LLC boosted its stake in Delek US Holdings, Inc. (NYSE:DK) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 174,652 shares of the oil and gas company’s stock after purchasing an additional 807 shares during the quarter. F M Investments LLC owned about 0.27% of Delek US worth $3,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Delek US in the second quarter worth about $43,000. Farther Finance Advisors LLC increased its stake in Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 1,508 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Delek US during the 1st quarter worth approximately $172,000. Bailard Inc. bought a new position in shares of Delek US during the 2nd quarter valued at approximately $201,000. Finally, Chesapeake Capital Corp IL purchased a new position in shares of Delek US in the second quarter valued at $223,000. Institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In other Delek US news, CEO Avigal Soreq purchased 5,651 shares of the stock in a transaction dated Friday, August 9th. The stock was purchased 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 owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Delek US Trading Down 1.7 %

Shares of DK opened at $15.40 on Friday. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58. The firm has a market capitalization of $993.92 million, a price-to-earnings ratio of -9.11 and a beta of 1.13. The company has a 50-day moving average of $18.78 and a 200 day moving average of $22.66. Delek US Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. The firm had revenue of $3.42 billion during 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 quarterly revenue was down 18.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 earnings per share. On average, research analysts expect that Delek US Holdings, Inc. will post -4.66 EPS for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend is Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is presently -60.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Wolfe Research assumed coverage on Delek US in a research report on Thursday, July 18th. They issued an “underperform” rating and a $19.00 price target for the company. Piper Sandler decreased their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $28.00 to $26.00 in a report on Monday, September 16th. Finally, Morgan Stanley decreased their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Delek US has a consensus rating of “Hold” and a consensus target price of $22.00.

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.