Delek US Holdings, Inc. (NYSE:DK) Holdings Raised by State Street Corp

State Street Corp increased its stake in Delek US Holdings, Inc. (NYSE:DK) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,019,307 shares of the oil and gas company’s stock after purchasing an additional 223,110 shares during the quarter. State Street Corp owned about 4.78% of Delek US worth $56,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DK. F M Investments LLC boosted its holdings in shares of Delek US by 0.5% in the third quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock valued at $3,275,000 after acquiring an additional 807 shares in the last quarter. Thoroughbred Financial Services LLC lifted its position in Delek US by 2.5% in the second quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock worth $1,247,000 after purchasing an additional 1,246 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Delek US by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock valued at $827,000 after purchasing an additional 1,282 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Delek US by 5.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company’s stock valued at $551,000 after purchasing an additional 1,419 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after buying an additional 1,508 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

DK has been the subject of several research reports. Bank of America started coverage on Delek US in a research note on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price for the company. Morgan Stanley dropped their target price on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company reduced their target price on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Mizuho dropped their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday. Finally, StockNews.com lowered Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.00.

Delek US Stock Down 4.0 %

Shares of Delek US stock opened at $16.81 on Thursday. Delek US Holdings, Inc. has a 1 year low of $15.36 and a 1 year high of $33.60. The company has a market cap of $1.06 billion, a P/E ratio of -3.46 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The stock has a 50-day moving average price of $17.85 and a 200 day moving average price of $20.42.

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

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is presently -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.