Fisher Asset Management LLC Has $31.94 Million Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Fisher Asset Management LLC decreased its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,726,405 shares of the oil and gas company's stock after selling 64,675 shares during the quarter. Fisher Asset Management LLC owned about 2.73% of Delek US worth $31,938,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of DK. KBC Group NV raised its stake in shares of Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 1,538 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company's stock valued at $145,000 after purchasing an additional 1,508 shares in the last quarter. ARS Investment Partners LLC bought a new stake in shares of Delek US during the fourth quarter valued at about $185,000. Capstone Investment Advisors LLC bought a new stake in shares of Delek US during the third quarter valued at about $193,000. Finally, Abel Hall LLC bought a new stake in Delek US in the fourth quarter worth about $196,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

DK has been the topic of several analyst reports. Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. lifted their target price on 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 reduced their price target on shares of Delek US from $17.00 to $15.00 and set an "underweight" rating for the company in a research report on Wednesday, February 26th. Finally, Mizuho lowered their price objective on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $20.90.

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Delek US Stock Performance

DK traded down $0.87 during midday trading on Thursday, reaching $14.36. The company's stock had a trading volume of 969,804 shares, compared to its average volume of 1,119,198. Delek US Holdings, Inc. has a twelve month low of $14.04 and a twelve 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. The stock has a market cap of $897.44 million, a P/E ratio of -2.95 and a beta of 1.20. The company has a fifty day simple moving average of $18.10 and a 200 day simple moving average of $18.39.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) 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 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%. The firm's revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period last year, the business earned ($1.46) earnings per share. Research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 7.11%. Delek US's dividend payout ratio is currently -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.