Jacobs Levy Equity Management Inc. Purchases 346,267 Shares of Delek US Holdings, Inc. (NYSE:DK)

Jacobs Levy Equity Management Inc. raised its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 65.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 874,477 shares of the oil and gas company's stock after purchasing an additional 346,267 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.38% of Delek US worth $16,396,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Delek US in the second quarter valued at approximately $43,000. Farther Finance Advisors LLC grew its holdings in shares of Delek US by 24.2% in 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 acquiring an additional 1,508 shares in the last quarter. Bailard Inc. bought a new position in shares of Delek US in the second quarter valued at approximately $201,000. Chesapeake Capital Corp IL bought a new position in shares of Delek US in the second quarter valued at approximately $223,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Delek US in the second quarter valued at approximately $223,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

DK has been the subject of several recent analyst reports. Mizuho raised Delek US from an "underperform" rating to a "neutral" rating and reduced their target price for the company from $28.00 to $26.00 in a report on Monday, September 16th. Wells Fargo & Company reduced their price objective on Delek US from $21.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price objective on Delek US from $26.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, October 2nd. Morgan Stanley reduced their price objective on Delek US from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, September 16th. Finally, StockNews.com lowered Delek US from a "hold" rating to a "sell" rating in a report on Saturday, September 21st. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.00.

Delek US Price Performance

Shares of DK stock traded down $0.41 on Thursday, reaching $18.52. The company's stock had a trading volume of 733,100 shares, compared to its average volume of 1,074,964. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 12-month low of $15.36 and a 12-month high of $33.60. The company has a market capitalization of $1.17 billion, a P/E ratio of -3.81 and a beta of 1.22. The stock's 50 day simple moving average is $18.17 and its 200-day simple moving average is $21.05.

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, topping analysts' consensus estimates of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the business posted $2.02 earnings per share. The firm's revenue was down 34.3% compared to the same quarter last year. As a group, equities analysts predict that Delek US Holdings, Inc. will post -4.4 earnings per share for the current fiscal year.

Delek US Announces Dividend

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 $0.255 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.51%. Delek US's dividend payout ratio is presently -20.99%.

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.