Kawa Capital Management Inc Takes $4.30 Million Position in Delek US Holdings, Inc. (NYSE:DK)

Kawa Capital Management Inc purchased a new position in Delek US Holdings, Inc. (NYSE:DK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 232,250 shares of the oil and gas company’s stock, valued at approximately $4,297,000. Delek US comprises 11.7% of Kawa Capital Management Inc’s holdings, making the stock its 4th largest holding. Kawa Capital Management Inc owned 0.37% of Delek US as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DK. Norges Bank bought a new position in shares of Delek US in the fourth quarter worth approximately $6,815,000. Easterly Investment Partners LLC boosted its stake in Delek US by 2.9% during the 4th quarter. Easterly Investment Partners LLC now owns 765,249 shares of the oil and gas company’s stock valued at $14,157,000 after purchasing an additional 21,210 shares during the last quarter. LPL Financial LLC boosted its stake in Delek US by 64.6% during the 4th quarter. LPL Financial LLC now owns 66,085 shares of the oil and gas company’s stock valued at $1,223,000 after purchasing an additional 25,937 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Delek US during the fourth quarter valued at $528,000. Finally, Sei Investments Co. grew its stake in shares of Delek US by 2.3% in the fourth quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company’s stock worth $973,000 after acquiring an additional 1,192 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now owns 49,138 shares of the company’s stock, valued at $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 5,055 shares of company stock worth $70,787 in the last quarter. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Delek US Stock Performance

NYSE:DK opened at $16.08 on Friday. The stock has a 50-day moving average price of $17.12 and a 200 day moving average price of $17.88. The stock has a market capitalization of $1.01 billion, a P/E ratio of -3.31 and a beta of 1.14. Delek US Holdings, Inc. has a 12-month low of $13.40 and a 12-month high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate 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 prior year, the company posted ($1.46) EPS. Equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

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

Delek US 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.