Mercuria Capital Strategies LLC Makes New $8.76 Million Investment in Delek US Holdings, Inc. $DK

Mercuria Capital Strategies LLC purchased a new stake in Delek US Holdings, Inc. (NYSE:DK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 271,290 shares of the oil and gas company’s stock, valued at approximately $8,755,000. Delek US accounts for approximately 11.5% of Mercuria Capital Strategies LLC’s holdings, making the stock its 3rd largest holding.

Several other institutional investors have also modified their holdings of DK. Ion Asset Management Ltd. increased its position in shares of Delek US by 1.8% during the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock worth $79,296,000 after acquiring an additional 67,490 shares during the period. Barclays PLC grew its stake in Delek US by 29.4% during the 3rd quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock worth $60,460,000 after purchasing an additional 425,896 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Delek US by 40.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after purchasing an additional 423,017 shares during the period. Systematic Financial Management LP raised its position in Delek US by 0.3% in the 2nd quarter. Systematic Financial Management LP now owns 914,458 shares of the oil and gas company’s stock valued at $19,368,000 after purchasing an additional 3,026 shares in the last quarter. Finally, Clifford Capital Partners LLC raised its position in Delek US by 1.9% in the 2nd quarter. Clifford Capital Partners LLC now owns 807,249 shares of the oil and gas company’s stock valued at $17,098,000 after purchasing an additional 14,872 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DK. Citigroup lowered their price objective on Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. TD Cowen lifted 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. Scotiabank set a $34.00 price target on shares of Delek US in a report on Friday, January 16th. Piper Sandler reduced their price objective on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, Wall Street Zen raised shares of Delek US from a “hold” rating to a “buy” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.46.

Insider Activity at Delek US

In other Delek US news, Director Shlomo Zohar sold 22,029 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $44.83, for a total transaction of $987,560.07. Following the transaction, the director owned 18,989 shares of the company’s stock, valued at approximately $851,276.87. This trade represents a 53.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Avigal Soreq sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $41.08, for a total value of $2,054,000.00. Following the completion of the sale, the chief executive officer directly owned 251,678 shares of the company’s stock, valued at $10,338,932.24. The trade was a 16.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 142,764 shares of company stock valued at $5,989,317. Corporate insiders own 1.90% of the company’s stock.

Delek US Price Performance

DK stock opened at $40.02 on Tuesday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -114.33 and a beta of 0.75. Delek US Holdings, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $45.74. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. The business has a 50 day moving average price of $32.58 and a 200 day moving average price of $33.56.

Delek US (NYSE:DK) last issued its earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.63. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($2.54) EPS. Equities 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, March 2nd. Delek US’s dividend payout ratio is currently -291.43%.

Delek US 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.