Fisher Asset Management LLC Cuts Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Fisher Asset Management LLC trimmed its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 10.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,801,015 shares of the oil and gas company’s stock after selling 219,746 shares during the period. Fisher Asset Management LLC owned 2.81% of Delek US worth $46,466,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Spirit of America Management Corp NY bought a new position in Delek US during the fourth quarter valued at $26,000. Strs Ohio bought a new position in Delek US during the fourth quarter valued at $95,000. TFO Wealth Partners LLC lifted its position in Delek US by 627,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock valued at $162,000 after purchasing an additional 6,274 shares during the last quarter. First Hawaiian Bank bought a new position in Delek US during the fourth quarter valued at $203,000. Finally, Diversified Trust Co bought a new stake in shares of Delek US in the 4th quarter worth about $241,000. Institutional investors own 97.01% of the company’s stock.

Delek US Trading Down 0.5 %

NYSE DK opened at $23.94 on Tuesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.64 and a current ratio of 1.04. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -19.31 and a beta of 1.29. The company’s 50-day simple moving average is $27.62 and its two-hundred day simple moving average is $27.41. Delek US Holdings, Inc. has a one year low of $21.68 and a one year high of $33.60.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.15. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.28 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The company’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. Equities analysts forecast that Delek US Holdings, Inc. will post 1 EPS for the current fiscal year.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 17th were given a dividend of $0.25 per share. This is an increase from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 4.18%. Delek US’s dividend payout ratio (DPR) is -80.65%.

Insider Buying and Selling at Delek US

In other news, Director Richard J. Marcogliese acquired 2,750 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average price of $23.99 per share, with a total value of $65,972.50. Following the transaction, the director now directly owns 42,863 shares in the company, valued at $1,028,283.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 2,854 shares of company stock valued at $78,241. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of Delek US from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their target price on shares of Delek US from $26.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, May 21st. StockNews.com lowered shares of Delek US from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. UBS Group raised their target price on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, Bank of America raised their target price on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.40.

Delek US Profile

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.