Russell Investments Group Ltd. Sells 272,327 Shares of Delek US Holdings, Inc. (NYSE:DK)

Russell Investments Group Ltd. lessened its holdings in Delek US Holdings, Inc. (NYSE:DK) by 57.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,590 shares of the oil and gas company’s stock after selling 272,327 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.32% of Delek US worth $5,279,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. River Road Asset Management LLC increased its position in shares of Delek US by 510.1% during the fourth quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock worth $96,675,000 after buying an additional 3,132,971 shares during the period. International Assets Investment Management LLC grew its holdings in Delek US by 2,421.9% during the 4th quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock worth $24,195,000 after acquiring an additional 900,600 shares during the period. Raymond James & Associates bought a new position in shares of Delek US in the 4th quarter worth about $13,295,000. Jacobs Levy Equity Management Inc. bought a new stake in Delek US in the third quarter worth approximately $7,464,000. Finally, Jump Financial LLC acquired a new position in Delek US in the third quarter valued at approximately $3,147,000. Institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

Shares of NYSE:DK opened at $28.00 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.63 and a debt-to-equity ratio of 2.66. The stock has a market cap of $1.79 billion, a PE ratio of 127.27 and a beta of 1.34. The stock’s fifty day simple moving average is $29.23 and its two-hundred day simple moving average is $27.45. Delek US Holdings, Inc. has a 1-year low of $21.26 and a 1-year high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.28 billion. Delek US had a net margin of 0.12% and a return on equity of 18.27%. The business’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 EPS. As a group, analysts forecast that Delek US Holdings, Inc. will post 1.38 EPS for the current fiscal year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.57%. This is an increase from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, May 16th. Delek US’s payout ratio is currently 454.55%.

Wall Street Analyst Weigh In

DK has been the subject of several research analyst reports. Bank of America lifted their price target on shares of Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Wells Fargo & Company upped their price target on Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 20th. UBS Group raised their price objective on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Mizuho upped their target price on Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, March 22nd. Finally, Scotiabank lifted their price target on shares of Delek US from $25.00 to $27.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.67.

Insiders Place Their Bets

In related news, CFO Robert G. Wright sold 2,123 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the transaction, the chief financial officer now directly owns 18,925 shares of the company’s stock, valued at approximately $539,362.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 4,226 shares of company stock valued at $120,775 in the last three months. 1.80% of the stock is currently owned by insiders.

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.