Van ECK Associates Corp lowered its stake in Delek US Holdings Inc (NYSE:DK) by 49.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,736 shares of the oil and gas company’s stock after selling 20,876 shares during the period. Van ECK Associates Corp’s holdings in Delek US were worth $707,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in DK. MetLife Investment Advisors LLC acquired a new position in shares of Delek US during the 3rd quarter worth approximately $2,407,000. Menora Mivtachim Holdings LTD. bought a new stake in shares of Delek US during the 4th quarter worth approximately $120,179,000. Fisher Asset Management LLC lifted its holdings in shares of Delek US by 14.5% during the 4th quarter. Fisher Asset Management LLC now owns 945,702 shares of the oil and gas company’s stock worth $30,745,000 after acquiring an additional 119,429 shares during the period. Peregrine Capital Management LLC lifted its holdings in shares of Delek US by 49.8% during the 4th quarter. Peregrine Capital Management LLC now owns 186,588 shares of the oil and gas company’s stock worth $6,066,000 after acquiring an additional 62,037 shares during the period. Finally, AGF Investments Inc. lifted its holdings in shares of Delek US by 58.7% during the 3rd quarter. AGF Investments Inc. now owns 56,329 shares of the oil and gas company’s stock worth $2,390,000 after acquiring an additional 20,837 shares during the period. Institutional investors and hedge funds own 97.35% of the company’s stock.
A number of analysts have recently weighed in on DK shares. Barclays reaffirmed a “buy” rating and set a $51.00 price target on shares of Delek US in a report on Friday, January 11th. Mizuho reaffirmed a “buy” rating and set a $60.00 price target on shares of Delek US in a report on Thursday, February 21st. Morgan Stanley downgraded shares of Delek US from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $52.00 to $40.00 in a report on Wednesday, January 9th. ValuEngine raised shares of Delek US from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Tudor Pickering downgraded shares of Delek US from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.16.
NYSE:DK traded up $0.58 on Friday, hitting $36.03. The company had a trading volume of 488,375 shares, compared to its average volume of 1,467,955. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 0.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.45 and a quick ratio of 1.04. Delek US Holdings Inc has a 52 week low of $29.51 and a 52 week high of $61.57.
Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, February 19th. The oil and gas company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.32. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $3.03 billion. Delek US had a net margin of 3.52% and a return on equity of 23.22%. As a group, analysts expect that Delek US Holdings Inc will post 4.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, March 4th. This represents a $1.08 annualized dividend and a dividend yield of 3.00%. This is an increase from Delek US’s previous quarterly dividend of $0.26. Delek US’s dividend payout ratio (DPR) is presently 22.50%.
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Delek US Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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