Clifford Capital Partners LLC Makes New $7.50 Million Investment in Delek US Holdings, Inc. (NYSE:DK)

Clifford Capital Partners LLC bought a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 400,193 shares of the oil and gas company's stock, valued at approximately $7,504,000. Clifford Capital Partners LLC owned 0.63% of Delek US at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DK. River Road Asset Management LLC raised its position in shares of Delek US by 1.1% in the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company's stock worth $76,880,000 after acquiring an additional 45,949 shares during the period. Victory Capital Management Inc. increased its stake in shares of Delek US by 17.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company's stock valued at $61,492,000 after purchasing an additional 480,614 shares in the last quarter. Rubric Capital Management LP acquired a new position in Delek US in the 3rd quarter worth about $37,500,000. FMR LLC boosted its position in Delek US by 47.3% during the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company's stock worth $32,021,000 after purchasing an additional 548,777 shares in the last quarter. Finally, Encompass Capital Advisors LLC acquired a new stake in Delek US in the second quarter valued at approximately $22,833,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Trading Down 1.1 %

NYSE:DK traded down $0.22 on Wednesday, reaching $19.16. The company's stock had a trading volume of 886,729 shares, compared to its average volume of 1,079,788. Delek US Holdings, Inc. has a 12-month low of $15.36 and a 12-month high of $33.60. The stock has a 50 day moving average price of $18.22 and a 200 day moving average price of $21.38. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.71) by $0.26. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 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 34.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.02 EPS. Research analysts predict that Delek US Holdings, Inc. will post -4.39 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, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.32%. Delek US's payout ratio is currently -20.99%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DK. TD Cowen decreased their target price on Delek US from $19.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, August 8th. Mizuho raised shares of Delek US from an "underperform" rating to a "neutral" rating and decreased their price objective for the company from $28.00 to $26.00 in a report on Monday, September 16th. StockNews.com lowered shares of Delek US from a "hold" rating to a "sell" rating in a research report on Saturday, September 21st. JPMorgan Chase & Co. decreased their price target on shares of Delek US from $26.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 2nd. Finally, Bank of America started coverage on Delek US in a report on Thursday, October 17th. They issued an "underperform" rating and a $15.00 price objective on the stock. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Delek US has an average rating of "Hold" and an average target price of $21.00.

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.