Rhumbline Advisers Has $2.17 Million Holdings in Delek US Holdings, Inc. (NYSE:DK)

Rhumbline Advisers boosted its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,170 shares of the oil and gas company’s stock after purchasing an additional 2,268 shares during the period. Rhumbline Advisers owned 0.19% of Delek US worth $2,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Orion Portfolio Solutions LLC raised its stake in Delek US by 7.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock worth $342,000 after buying an additional 1,292 shares during the last quarter. Farther Finance Advisors LLC raised its stake in 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 valued at $145,000 after acquiring an additional 1,508 shares during the period. KBC Group NV boosted its holdings in shares of Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 1,538 shares during the period. Van ECK Associates Corp increased its holdings in Delek US by 17.8% during the 4th quarter. Van ECK Associates Corp now owns 14,111 shares of the oil and gas company’s stock worth $261,000 after acquiring an additional 2,134 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in shares of Delek US by 8.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 31,856 shares of the oil and gas company’s stock worth $589,000 after purchasing an additional 2,493 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

NYSE:DK opened at $15.77 on Tuesday. The firm has a market capitalization of $985.83 million, a price-to-earnings ratio of -3.24 and a beta of 1.20. The firm’s fifty day simple moving average is $18.15 and its 200 day simple moving average is $18.46. Delek US Holdings, Inc. has a twelve month low of $15.02 and a twelve month high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

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

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 6.47%. Delek US’s payout ratio is -11.54%.

Wall Street Analyst Weigh In

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

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.