Delek US Holdings, Inc. (NYSE:DK) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in Delek US Holdings, Inc. (NYSE:DK) by 21.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,548 shares of the oil and gas company’s stock after buying an additional 5,400 shares during the period. New York State Common Retirement Fund’s holdings in Delek US were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. US Bancorp DE boosted its holdings in shares of Delek US by 691.5% in the 3rd quarter. US Bancorp DE now owns 16,195 shares of the oil and gas company’s stock valued at $304,000 after buying an additional 14,149 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 1,508 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Delek US by 9.1% in the third quarter. Harbor Capital Advisors Inc. now owns 53,280 shares of the oil and gas company’s stock valued at $999,000 after acquiring an additional 4,445 shares in the last quarter. River Road Asset Management LLC grew its holdings in shares of Delek US by 1.1% during the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock worth $76,880,000 after purchasing an additional 45,949 shares during the last quarter. Finally, Easterly Investment Partners LLC increased its position in shares of Delek US by 62.6% during the third quarter. Easterly Investment Partners LLC now owns 744,039 shares of the oil and gas company’s stock worth $13,951,000 after purchasing an additional 286,503 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Stock Performance

Shares of Delek US stock opened at $15.71 on Wednesday. The firm has a market cap of $981.77 million, a PE ratio of -3.23 and a beta of 1.20. Delek US Holdings, Inc. has a 1 year low of $15.02 and a 1 year high of $33.60. The firm’s 50-day simple moving average is $18.13 and its 200-day simple moving average is $18.42. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.46) earnings per share. Equities analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Monday, March 3rd. Delek US’s payout ratio is currently -11.54%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DK shares. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Wells Fargo & Company cut their target price on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, February 26th. Mizuho decreased their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Delek US has a consensus rating of “Hold” and a consensus target price of $20.90.

Delek US Company 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.