River Road Asset Management LLC Has $71.14 Million Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

River Road Asset Management LLC cut its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,845,224 shares of the oil and gas company's stock after selling 255,044 shares during the quarter. River Road Asset Management LLC owned 6.09% of Delek US worth $71,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in Delek US by 691.5% in the 3rd quarter. US Bancorp DE now owns 16,195 shares of the oil and gas company's stock valued at $304,000 after acquiring an additional 14,149 shares in the last quarter. Farther Finance Advisors LLC boosted its position 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 in the last quarter. Victory Capital Management Inc. lifted its stake in Delek US by 17.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company's stock valued at $61,492,000 after purchasing an additional 480,614 shares during the last quarter. MQS Management LLC bought a new position in shares of Delek US during the third quarter valued at $201,000. Finally, Empowered Funds LLC increased its position in shares of Delek US by 5.3% during the third quarter. Empowered Funds LLC now owns 319,587 shares of the oil and gas company's stock worth $5,992,000 after buying an additional 16,214 shares during the period. Institutional investors own 97.01% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley dropped their price target on shares of Delek US from $19.00 to $18.00 and set an "underweight" rating on the stock in a research report on Friday. Mizuho lowered their price target on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of Delek US from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 26th. Finally, Piper Sandler dropped their price objective on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.30.

Delek US Stock Performance

Shares of NYSE DK traded up $1.04 during midday trading on Friday, reaching $15.66. 1,713,213 shares of the stock were exchanged, compared to its average volume of 1,137,240. Delek US Holdings, Inc. has a twelve month low of $13.40 and a twelve month high of $33.60. The firm has a market cap of $978.64 million, a price-to-earnings ratio of -3.22 and a beta of 1.15. 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 firm has a 50-day simple moving average of $17.66 and a two-hundred day simple moving average of $18.14.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The company had revenue of $2.37 billion during the quarter, compared to analyst estimates 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 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. As a group, analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.52%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US's payout ratio is presently -11.54%.

Insider Buying and Selling

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 5,925 shares of company stock worth $85,778 over the last 90 days. 0.35% of the stock is owned by insiders.

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.