Kawa Capital Management Inc Purchases New Shares in Delek US Holdings, Inc. (NYSE:DK)

Kawa Capital Management Inc acquired a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 232,250 shares of the oil and gas company’s stock, valued at approximately $4,297,000. Delek US accounts for about 11.7% of Kawa Capital Management Inc’s holdings, making the stock its 4th biggest holding.

A number of other hedge funds have also bought and sold shares of DK. KBC Group NV boosted its position in 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 valued at $71,000 after buying an additional 1,538 shares during the period. ARS Investment Partners LLC bought a new position in Delek US in the fourth quarter worth approximately $185,000. Capstone Investment Advisors LLC purchased a new position in Delek US during the 3rd quarter worth $193,000. Abel Hall LLC bought a new stake in Delek US during the 4th quarter valued at $196,000. Finally, XTX Topco Ltd purchased a new stake in shares of Delek US in the 3rd quarter worth $238,000. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, with a total value of $38,360.00. Following the acquisition, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have acquired 5,055 shares of company stock worth $70,787. 1.80% of the stock is owned by company insiders.

Delek US Stock Up 0.3 %

DK stock opened at $16.08 on Friday. 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. The stock has a market capitalization of $1.01 billion, a PE ratio of -3.31 and a beta of 1.14. The firm has a 50 day moving average of $17.12 and a 200 day moving average of $17.88.

Delek US (NYSE:DK) last released its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (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 net margin of 2.27% and a negative return on equity of 28.21%. Delek US’s revenue was down 39.8% on a year-over-year basis. During the same period in the previous year, the company earned ($1.46) earnings per share. Sell-side analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 6.34%. Delek US’s dividend payout ratio is currently -11.54%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DK. Mizuho decreased their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Wells Fargo & Company upped their target price on Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, March 21st. Morgan Stanley reduced their price target on Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. Finally, Piper Sandler dropped their price objective on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.40.

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.