Mutual Advisors LLC Increases Holdings in Delek US Holdings, Inc. (NYSE:DK)

Mutual Advisors LLC increased its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 26.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 65,754 shares of the oil and gas company’s stock after purchasing an additional 13,689 shares during the period. Mutual Advisors LLC owned 0.10% of Delek US worth $1,316,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. F M Investments LLC raised its position 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 worth $3,275,000 after buying an additional 807 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of 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 acquiring an additional 1,282 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of 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 purchasing an additional 1,292 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Delek US by 5.1% in the third quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company’s stock worth $551,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in 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 valued at $145,000 after purchasing an additional 1,508 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Down 2.2 %

Shares of Delek US stock opened at $18.12 on Friday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a 52-week low of $15.36 and a 52-week high of $33.60. The company’s 50 day moving average price is $18.34 and its 200-day moving average price is $19.29. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -3.73 and a beta of 1.22.

Delek US (NYSE:DK) last announced 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. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company’s revenue was down 34.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.02 EPS. Equities research analysts forecast that Delek US Holdings, Inc. will post -5.33 EPS for the current year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is currently -20.99%.

Analyst Upgrades and Downgrades

A number of research firms have commented on DK. Mizuho cut their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Bank of America started coverage on Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 target price on the stock. Wells Fargo & Company dropped their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, December 9th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.00.

Delek US Company 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.