Geode Capital Management LLC lifted its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,459,301 shares of the oil and gas company's stock after purchasing an additional 63,502 shares during the quarter. Geode Capital Management LLC owned 2.31% of Delek US worth $27,368,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in DK. F M Investments LLC raised its holdings in Delek US by 0.5% in the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company's stock worth $3,275,000 after purchasing an additional 807 shares during the period. Thoroughbred Financial Services LLC lifted its position in shares of Delek US by 2.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company's stock valued at $1,247,000 after buying an additional 1,246 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Delek US by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company's stock valued at $827,000 after acquiring an additional 1,282 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Delek US by 7.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company's stock worth $342,000 after acquiring an additional 1,292 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in Delek US by 5.1% during the third quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company's stock worth $551,000 after acquiring an additional 1,419 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.
Delek US Stock Up 1.0 %
DK traded up $0.18 during trading hours on Friday, hitting $17.34. 1,158,232 shares of the company's stock were exchanged, compared to its average volume of 1,079,646. The firm has a market cap of $1.10 billion, a P/E ratio of -3.57 and a beta of 1.22. Delek US Holdings, Inc. has a 12-month low of $15.36 and a 12-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 firm has a 50 day moving average of $17.64 and a 200 day moving average of $20.03.
Delek US (NYSE:DK - Get Free Report) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. The firm had revenue of $3.04 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $2.02 EPS. Analysts predict that Delek US Holdings, Inc. will post -4.4 EPS for the current fiscal year.
Delek US Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid 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 5.88%. Delek US's payout ratio is currently -20.99%.
Analysts Set New Price Targets
Several research firms have recently weighed in on DK. Piper Sandler decreased their target price on Delek US from $25.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday, September 20th. Scotiabank decreased 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. Morgan Stanley dropped their target price on shares of Delek US from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, September 16th. Wells Fargo & Company decreased their price target on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, December 9th. Finally, StockNews.com cut shares of Delek US from a "hold" rating to a "sell" rating in a research note on Saturday, September 21st. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $21.00.
View Our Latest Analysis on Delek US
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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