Deprince Race & Zollo Inc. Purchases New Stake in Delek US Holdings Inc. (DK)
Deprince Race & Zollo Inc. purchased a new stake in shares of Delek US Holdings Inc. (NYSE:DK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,780,369 shares of the company’s stock, valued at approximately $36,729,000. Deprince Race & Zollo Inc. owned 4.50% of Delek US Holdings at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DK. BlackRock Inc. increased its position in Delek US Holdings by 81.4% in the first quarter. BlackRock Inc. now owns 7,420 shares of the company’s stock valued at $113,000 after buying an additional 3,329 shares during the period. Bayesian Capital Management LP bought a new position in Delek US Holdings during the first quarter valued at about $164,000. First Midwest Bank Trust Division bought a new position in Delek US Holdings during the second quarter valued at about $176,000. Foundry Partners LLC bought a new position in Delek US Holdings during the second quarter valued at about $217,000. Finally, Canada Pension Plan Investment Board increased its position in Delek US Holdings by 275.6% in the first quarter. Canada Pension Plan Investment Board now owns 15,400 shares of the company’s stock valued at $235,000 after buying an additional 11,300 shares during the period. 92.18% of the stock is owned by institutional investors and hedge funds.
Shares of Delek US Holdings Inc. (NYSE:DK) traded down 1.39% on Monday, reaching $17.05. The company’s stock had a trading volume of 834,673 shares. Delek US Holdings Inc. has a 1-year low of $11.41 and a 1-year high of $29.90. The company has a 50 day moving average of $17.35 and a 200 day moving average of $14.84. The stock’s market capitalization is $1.05 billion.
Delek US Holdings (NYSE:DK) last released its earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative return on equity of 0.87% and a negative net margin of 0.90%. Equities research analysts expect that Delek US Holdings Inc. will post ($1.40) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 23rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, August 19th. Delek US Holdings’s payout ratio is currently -75.00%.
Several research firms have recently issued reports on DK. Vetr downgraded shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 price objective on the stock. in a report on Wednesday, August 3rd. Howard Weil increased their price target on shares of Delek US Holdings from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 30th. Wells Fargo & Co. downgraded shares of Delek US Holdings from an “outperform” rating to a “market perform” rating and set a $18.00 price target on the stock. in a report on Wednesday, September 21st. Raymond James Financial Inc. increased their price target on shares of Delek US Holdings from $20.00 to $21.00 and gave the stock a “hold” rating in a report on Thursday, September 15th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $17.00 price target on shares of Delek US Holdings in a report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. Delek US Holdings presently has a consensus rating of “Hold” and a consensus price target of $19.57.
Delek US Holdings Company Profile
Delek US Holdings, Inc is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd).
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