Fmr LLC Boosts Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Fmr LLC raised its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 47.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,707,773 shares of the oil and gas company’s stock after purchasing an additional 548,777 shares during the period. Fmr LLC owned 2.70% of Delek US worth $32,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Quarry LP bought a new stake in shares of Delek US in the second quarter valued at approximately $43,000. Farther Finance Advisors LLC lifted its position in shares of Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 1,508 shares in the last quarter. Bailard Inc. bought a new position in shares of Delek US in the second quarter worth $201,000. MQS Management LLC purchased a new position in shares of Delek US in the third quarter valued at $201,000. Finally, Chesapeake Capital Corp IL purchased a new stake in Delek US during the 2nd quarter worth about $223,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DK has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Scotiabank decreased their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company dropped their price objective on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. Finally, Mizuho upgraded shares of Delek US from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $26.00 in a research note on Monday, September 16th. Six investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.00.

Delek US Price Performance

NYSE:DK opened at $18.42 on Monday. The business’s 50-day simple moving average is $18.16 and its two-hundred day simple moving average is $20.88. Delek US Holdings, Inc. has a 52 week low of $15.36 and a 52 week high of $33.60. The stock has a market cap of $1.16 billion, a PE ratio of -3.79 and a beta of 1.22. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous year, the firm earned $2.02 EPS. The firm’s revenue was down 34.3% compared to the same quarter last year. As a group, analysts forecast that Delek US Holdings, Inc. will post -4.4 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio is -20.99%.

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.