BP Capital Fund Advisors LLC increased its stake in Delek US Holdings Inc (NYSE:DK) by 18.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,491 shares of the oil and gas company’s stock after acquiring an additional 11,722 shares during the quarter. BP Capital Fund Advisors LLC owned approximately 0.09% of Delek US worth $3,161,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted its position in Delek US by 47.3% during the second quarter. FMR LLC now owns 9,933,478 shares of the oil and gas company’s stock valued at $498,363,000 after purchasing an additional 3,190,607 shares during the last quarter. Macquarie Group Ltd. boosted its position in Delek US by 25,488.3% during the second quarter. Macquarie Group Ltd. now owns 1,330,594 shares of the oil and gas company’s stock valued at $66,756,000 after purchasing an additional 1,325,394 shares during the last quarter. BlackRock Inc. boosted its position in Delek US by 13.6% during the second quarter. BlackRock Inc. now owns 5,808,118 shares of the oil and gas company’s stock valued at $291,393,000 after purchasing an additional 697,134 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Delek US by 64.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,082,986 shares of the oil and gas company’s stock valued at $54,334,000 after purchasing an additional 424,977 shares during the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in Delek US during the third quarter valued at $16,777,000.
NYSE:DK opened at $39.76 on Friday. Delek US Holdings Inc has a 52-week low of $29.92 and a 52-week high of $61.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 1.43. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 0.94 and a beta of 1.37.
Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.06). Delek US had a return on equity of 17.94% and a net margin of 4.40%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.96 billion. On average, analysts expect that Delek US Holdings Inc will post 4.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.26 per share. This is an increase from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, November 19th. This represents a $1.04 annualized dividend and a yield of 2.62%. Delek US’s dividend payout ratio is currently 82.54%.
A number of research firms recently issued reports on DK. ValuEngine raised Delek US from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley reduced their price target on Delek US from $62.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, November 20th. Citigroup reduced their price target on Delek US from $59.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, October 16th. Credit Suisse Group reduced their price target on Delek US from $67.00 to $59.00 and set an “outperform” rating for the company in a research report on Tuesday, October 9th. Finally, Goldman Sachs Group cut Delek US from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, October 9th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.14.
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About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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