Verition Fund Management LLC lifted its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 1,387.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,882 shares of the oil and gas company's stock after acquiring an additional 153,796 shares during the period. Verition Fund Management LLC owned 0.26% of Delek US worth $3,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in DK. Quarry LP purchased a new position in shares of Delek US during the second quarter worth $43,000. Farther Finance Advisors LLC raised 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 valued at $145,000 after buying an additional 1,508 shares during the last quarter. Bailard Inc. acquired a new position in shares of Delek US in the 2nd quarter valued at about $201,000. Chesapeake Capital Corp IL purchased a new stake in shares of Delek US in the second quarter worth about $223,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Delek US during the second quarter worth about $223,000. Hedge funds and other institutional investors own 97.01% of the company's stock.
Delek US Stock Performance
Shares of NYSE DK traded down $0.27 during midday trading on Thursday, hitting $18.66. The stock had a trading volume of 322,424 shares, compared to its average volume of 1,073,086. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a 1 year low of $15.36 and a 1 year high of $33.60. The stock has a 50 day simple moving average of $18.17 and a 200-day simple moving average of $21.06.
Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating 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 analyst estimates of $3.23 billion. During the same quarter last year, the firm posted $2.02 EPS. The firm's revenue for the quarter was down 34.3% on a year-over-year basis. On average, equities research analysts predict that Delek US Holdings, Inc. will post -4.4 EPS for the current fiscal year.
Delek US Dividend Announcement
The firm also recently disclosed 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 was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.47%. Delek US's dividend payout ratio is presently -20.99%.
Wall Street Analysts Forecast Growth
Several research firms have commented on DK. Scotiabank lowered their price objective on Delek US from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target on shares of Delek US from $26.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Morgan Stanley cut their price objective 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 objective on shares of Delek US from $21.00 to $18.00 and set an "underweight" rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com lowered 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 MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $21.00.
Check Out Our Latest Research 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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