River Road Asset Management LLC Boosts Holdings in Delek US Holdings, Inc. (NYSE:DK)

River Road Asset Management LLC grew its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,100,268 shares of the oil and gas company's stock after purchasing an additional 45,949 shares during the quarter. River Road Asset Management LLC owned approximately 6.39% of Delek US worth $76,880,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DK. Allspring Global Investments Holdings LLC bought a new stake in shares of Delek US in the 1st quarter valued at $172,000. Janney Montgomery Scott LLC boosted its stake in Delek US by 9.7% during the first quarter. Janney Montgomery Scott LLC now owns 71,863 shares of the oil and gas company's stock worth $2,209,000 after acquiring an additional 6,355 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in Delek US during the first quarter worth $265,000. Quantbot Technologies LP bought a new position in Delek US during the first quarter worth $1,502,000. Finally, Empowered Funds LLC boosted its stake in Delek US by 8.2% during the first quarter. Empowered Funds LLC now owns 281,593 shares of the oil and gas company's stock worth $8,656,000 after acquiring an additional 21,317 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DK has been the topic of several research analyst reports. Mizuho raised shares of Delek US from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $28.00 to $26.00 in a research note on Monday, September 16th. TD Cowen dropped their price objective on shares of Delek US from $19.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, August 8th. Morgan Stanley dropped their price objective on shares of Delek US from $24.00 to $22.00 and set an "underweight" rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company dropped their price objective on shares of Delek US from $21.00 to $18.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 9th. Finally, 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 price objective on the stock. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $22.00.

Insider Activity

In related news, CEO Avigal Soreq bought 5,651 shares of the company's stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $20.42 per share, for a total transaction of $115,393.42. Following the completion of the transaction, the chief executive officer now directly owns 188,881 shares in the company, valued at $3,856,950.02. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is owned by company insiders.

Delek US Stock Performance

Shares of DK traded up $0.06 during trading hours on Tuesday, hitting $15.92. The company's stock had a trading volume of 1,557,745 shares, compared to its average volume of 1,063,303. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -9.42 and a beta of 1.15. 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 business has a 50 day simple moving average of $18.60 and a two-hundred day simple moving average of $22.41. Delek US Holdings, Inc. has a 52-week low of $15.36 and a 52-week high of $33.60.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating analysts' consensus estimates of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the business earned $1.00 earnings per share. Delek US's revenue was down 18.4% compared to the same quarter last year. On average, equities analysts expect that Delek US Holdings, Inc. will post -4.66 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be given a $0.255 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.41%. Delek US's dividend payout ratio (DPR) is currently -60.36%.

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.