Vanguard Group Inc. Raises Position in Delek US Holdings, Inc. $DK

Vanguard Group Inc. boosted its stake in Delek US Holdings, Inc. (NYSE:DK) by 0.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,330,858 shares of the oil and gas company’s stock after buying an additional 38,577 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Delek US worth $187,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DK. Arrowstreet Capital Limited Partnership lifted its stake in Delek US by 6,300.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after buying an additional 1,285,861 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Delek US in the 3rd quarter valued at about $23,308,000. BNP Paribas Financial Markets lifted its stake in Delek US by 345.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,085 shares of the oil and gas company’s stock valued at $19,784,000 after buying an additional 475,481 shares in the last quarter. Barclays PLC lifted its stake in Delek US by 29.4% in the 3rd quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after buying an additional 425,896 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Delek US by 40.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock valued at $47,569,000 after buying an additional 423,017 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered shares of Delek US from a “strong-buy” rating to a “buy” rating in a research note on Sunday. TD Cowen decreased their price target on shares of Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. UBS Group raised their price target on shares of Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. Finally, Mizuho raised their target price on shares of Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.23.

Delek US Trading Down 0.1%

DK opened at $46.00 on Monday. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The company’s 50 day simple moving average is $42.44 and its two-hundred day simple moving average is $36.99. Delek US Holdings, Inc. has a 1-year low of $15.08 and a 1-year high of $49.50. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of -50.55, a price-to-earnings-growth ratio of 0.39 and a beta of 0.63.

Delek US (NYSE:DK) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the company posted ($2.32) EPS. The business’s revenue was up .4% on a year-over-year basis. Analysts expect that Delek US Holdings, Inc. will post 3.99 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s dividend payout ratio (DPR) is -112.09%.

Insiders Place Their Bets

In other Delek US news, EVP Denise Clark Mcwatters sold 11,988 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $41.33, for a total value of $495,464.04. Following the transaction, the executive vice president directly owned 74,196 shares of the company’s stock, valued at $3,066,520.68. This trade represents a 13.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph Israel sold 38,000 shares of Delek US stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $40.65, for a total transaction of $1,544,700.00. Following the sale, the executive vice president directly owned 55,623 shares in the company, valued at approximately $2,261,074.95. The trade was a 40.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 172,095 shares of company stock worth $7,257,409. 3.56% of the stock is currently owned by insiders.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.