FMR LLC grew its holdings in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 47.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,707,773 shares of the oil and gas company's stock after purchasing an additional 548,777 shares during the quarter. FMR LLC owned approximately 2.70% of Delek US worth $32,021,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in DK. Quarry LP bought a new position in Delek US during the second quarter valued at $43,000. Farther Finance Advisors LLC grew its stake in shares of 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 period. Bailard Inc. purchased a new stake in Delek US in the 2nd quarter worth about $201,000. MQS Management LLC bought a new stake in Delek US in the 3rd quarter valued at about $201,000. Finally, Chesapeake Capital Corp IL purchased a new stake in Delek US during the second quarter valued at about $223,000. 97.01% of the stock is currently owned by institutional investors.
Delek US Price Performance
Shares of DK stock traded down $0.10 during trading on Monday, hitting $18.33. The company had a trading volume of 938,268 shares, compared to its average volume of 1,073,234. Delek US Holdings, Inc. has a 52 week low of $15.36 and a 52 week high of $33.60. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -3.77 and a beta of 1.22. The stock's 50-day moving average is $18.15 and its two-hundred day moving average is $20.81.
Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.71) by $0.26. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. Delek US's revenue for the quarter was down 34.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.02 earnings per share. As a group, analysts predict that Delek US Holdings, Inc. will post -4.4 EPS for the current fiscal year.
Delek US Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date was Tuesday, November 12th. Delek US's dividend payout ratio (DPR) is presently -20.99%.
Analysts Set New Price Targets
DK has been the subject of several recent research reports. Bank of America assumed coverage on shares of Delek US in a research note on Thursday, October 17th. They issued an "underperform" rating and a $15.00 target price for the company. Wells Fargo & Company lowered their target price on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday. JPMorgan Chase & Co. cut their price target on Delek US from $26.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, October 2nd. Piper Sandler reduced their price target on Delek US from $25.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, September 20th. Finally, StockNews.com cut Delek US from a "hold" rating to a "sell" rating in a report on Saturday, September 21st. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $20.80.
Get Our Latest Stock Report on DK
About Delek US
(
Free Report)
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.
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![Institutional Ownership by Quarter for Delek US (NYSE:DK)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=DK)
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