Delek US Holdings, Inc. (NYSE:DK) Shares Bought by River Road Asset Management LLC

River Road Asset Management LLC grew its position in Delek US Holdings, Inc. (NYSE:DK) by 510.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,747,111 shares of the oil and gas company’s stock after buying an additional 3,132,971 shares during the quarter. Delek US accounts for 1.3% of River Road Asset Management LLC’s holdings, making the stock its 22nd largest holding. River Road Asset Management LLC owned approximately 0.06% of Delek US worth $96,675,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Spirit of America Management Corp NY acquired a new stake in shares of Delek US in the fourth quarter valued at $26,000. IFP Advisors Inc acquired a new stake in shares of Delek US in the third quarter valued at $28,000. Comerica Bank acquired a new stake in shares of Delek US in the third quarter valued at $29,000. BluePath Capital Management LLC acquired a new stake in shares of Delek US in the third quarter valued at $30,000. Finally, Advisor Group Holdings Inc. grew its stake in shares of Delek US by 44.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 486 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DK. Bank of America lifted their target price on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Citigroup initiated coverage on Delek US in a report on Wednesday, January 24th. They set a “neutral” rating for the company. Wells Fargo & Company lifted their price target on Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, March 20th. Mizuho boosted their target price on Delek US from $26.00 to $30.00 and gave the company an “underperform” rating in a report on Friday, March 22nd. Finally, Scotiabank boosted their target price on Delek US from $25.00 to $27.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Delek US has a consensus rating of “Hold” and a consensus target price of $28.56.

Delek US Price Performance

Shares of DK traded down $0.40 on Wednesday, reaching $30.10. The stock had a trading volume of 637,028 shares, compared to its average volume of 1,040,716. The firm has a market capitalization of $1.93 billion, a PE ratio of 138.64 and a beta of 1.32. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. The firm has a 50-day moving average of $28.92 and a 200 day moving average of $27.19. Delek US Holdings, Inc. has a twelve month low of $19.39 and a twelve month high of $33.60.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.55 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. The business’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. Sell-side analysts expect that Delek US Holdings, Inc. will post 1.19 EPS for the current year.

Delek US Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were issued a $0.245 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from Delek US’s previous quarterly dividend of $0.24. Delek US’s dividend payout ratio is currently 445.45%.

Insider Activity at Delek US

In related news, CFO Robert G. Wright sold 2,123 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $28.50, for a total value of $60,505.50. Following the sale, the chief financial officer now owns 18,925 shares of the company’s stock, valued at approximately $539,362.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 4,976 shares of company stock valued at $141,243. 0.35% of the stock is owned by corporate insiders.

About Delek US

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.