Fisher Asset Management LLC Has $43.26 Million Stock Holdings in Delek US Holdings, Inc. $DK

Fisher Asset Management LLC decreased its stake in Delek US Holdings, Inc. (NYSE:DK) by 3.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,340,572 shares of the oil and gas company’s stock after selling 42,727 shares during the quarter. Fisher Asset Management LLC’s holdings in Delek US were worth $43,260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada boosted its position in Delek US by 18.4% during the first quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock valued at $4,201,000 after purchasing an additional 43,379 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Delek US during the 1st quarter worth approximately $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Delek US by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Delek US by 3,979.8% in the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 19,899 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Delek US by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after buying an additional 9,827 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of NYSE DK opened at $40.78 on Wednesday. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $43.50. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.58. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -116.51 and a beta of 0.75. The stock’s fifty day moving average price is $31.55 and its two-hundred day moving average price is $33.02.

Delek US (NYSE:DK) last announced its earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 14.92%. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the business posted ($2.54) earnings per share. Delek US’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, March 2nd. Delek US’s dividend payout ratio is presently -291.43%.

Analysts Set New Price Targets

A number of brokerages have commented on DK. Mizuho increased their price target on shares of Delek US from $45.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Morgan Stanley cut their target price on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 27th. Piper Sandler reduced their price target on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Citigroup dropped their price objective on Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Finally, Wells Fargo & Company lifted their target price on Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.85.

Delek US Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.