Delek US Holdings, Inc. (NYSE:DK) Position Boosted by Semanteon Capital Management LP

Semanteon Capital Management LP raised its position in Delek US Holdings, Inc. (NYSE:DK) by 504.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,951 shares of the oil and gas company’s stock after purchasing an additional 70,902 shares during the quarter. Delek US accounts for approximately 0.8% of Semanteon Capital Management LP’s portfolio, making the stock its largest holding. Semanteon Capital Management LP’s holdings in Delek US were worth $1,572,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. KBC Group NV raised its holdings in shares of Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 1,538 shares during the period. ARS Investment Partners LLC purchased a new position in shares of Delek US in the 4th quarter worth about $185,000. Capstone Investment Advisors LLC purchased a new position in shares of Delek US in the 3rd quarter worth about $193,000. Abel Hall LLC purchased a new position in shares of Delek US in the 4th quarter worth about $196,000. Finally, XTX Topco Ltd purchased a new position in shares of Delek US in the 3rd quarter worth about $238,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Delek US

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders bought 5,055 shares of company stock worth $70,787. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley cut their price objective on Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Piper Sandler dropped their target price on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Wells Fargo & Company dropped their target price on Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, February 26th. Finally, Mizuho dropped their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, Delek US currently has a consensus rating of “Hold” and an average target price of $20.30.

Delek US Price Performance

DK stock opened at $17.46 on Friday. The company has a market capitalization of $1.09 billion, a PE ratio of -3.59 and a beta of 1.14. The stock’s 50 day moving average is $17.47 and its two-hundred day moving average is $18.02. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 52-week low of $13.40 and a 52-week high of $33.60.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. Delek US’s revenue was down 39.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.46) EPS. Analysts predict 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 10th. Stockholders of record on Monday, March 3rd were given a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 5.84%. Delek US’s payout ratio is -11.54%.

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.