Easterly Investment Partners LLC Purchases 286,503 Shares of Delek US Holdings, Inc. (NYSE:DK)

Easterly Investment Partners LLC grew its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 62.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 744,039 shares of the oil and gas company's stock after purchasing an additional 286,503 shares during the period. Delek US makes up approximately 1.1% of Easterly Investment Partners LLC's holdings, making the stock its 21st largest holding. Easterly Investment Partners LLC owned approximately 1.15% of Delek US worth $13,951,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DK. Quarry LP bought a new stake in shares of Delek US in the 2nd quarter valued at approximately $43,000. Farther Finance Advisors LLC grew its position in Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company's stock worth $145,000 after acquiring an additional 1,508 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Delek US during the 1st quarter worth approximately $172,000. Bailard Inc. bought a new stake in Delek US during the 2nd quarter worth approximately $201,000. Finally, Chesapeake Capital Corp IL bought a new stake in Delek US during the 2nd quarter worth approximately $223,000. 97.01% of the stock is currently owned by institutional investors.

Delek US Trading Up 2.2 %

Shares of DK stock traded up $0.38 during trading hours on Friday, reaching $18.02. The company had a trading volume of 1,668,561 shares, compared to its average volume of 1,078,803. The company has a 50 day moving average of $18.46 and a 200 day moving average of $22.26. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -3.71 and a beta of 1.15. Delek US Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating analysts' consensus estimates of ($1.71) by $0.26. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the business posted $2.02 EPS. The firm's quarterly revenue was down 34.3% on a year-over-year basis. On average, equities research analysts anticipate that Delek US Holdings, Inc. will post -4.66 EPS for the current year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend is Tuesday, November 12th. Delek US's dividend payout ratio is currently -20.99%.

Analyst Upgrades and Downgrades

DK has been the topic of a number of research analyst reports. StockNews.com lowered Delek US from a "hold" rating to a "sell" rating in a research report on Saturday, September 21st. Wells Fargo & Company decreased their price target on Delek US from $21.00 to $18.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 9th. Bank of America initiated coverage on Delek US in a research report on Thursday, October 17th. They set an "underperform" rating and a $15.00 price target on the stock. Scotiabank reduced their price objective on Delek US from $25.00 to $22.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. reduced their price objective on Delek US from $26.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Delek US has a consensus rating of "Hold" and a consensus price target of $22.00.

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.