New York State Common Retirement Fund Purchases 5,400 Shares of Delek US Holdings, Inc. (NYSE:DK)

New York State Common Retirement Fund boosted its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 21.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE lifted its stake in Delek US by 691.5% in the third quarter. US Bancorp DE now owns 16,195 shares of the oil and gas company’s stock worth $304,000 after purchasing an additional 14,149 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of 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 worth $145,000 after buying an additional 1,508 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Delek US by 9.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 53,280 shares of the oil and gas company’s stock worth $999,000 after acquiring an additional 4,445 shares during the last quarter. River Road Asset Management LLC boosted its holdings in Delek US by 1.1% during the 3rd quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after acquiring an additional 45,949 shares during the period. Finally, Easterly Investment Partners LLC grew its position in Delek US by 62.6% in the 3rd quarter. Easterly Investment Partners LLC now owns 744,039 shares of the oil and gas company’s stock valued at $13,951,000 after acquiring an additional 286,503 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Stock Down 0.3 %

Shares of NYSE DK opened at $15.71 on Wednesday. Delek US Holdings, Inc. has a 1 year low of $15.02 and a 1 year high of $33.60. The company has a market capitalization of $981.77 million, a P/E ratio of -3.23 and a beta of 1.20. The company has a 50 day simple moving average of $18.13 and a 200-day simple moving average of $18.42. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

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). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the business earned ($1.46) earnings per share. Delek US’s revenue was down 39.8% on a year-over-year basis. On average, equities research analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, March 3rd will be given 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 dividend payout ratio is currently -11.54%.

Analyst Upgrades and Downgrades

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