Mutual Advisors LLC Purchases 13,689 Shares of Delek US Holdings, Inc. (NYSE:DK)

Mutual Advisors LLC boosted its position in Delek US Holdings, Inc. (NYSE:DK) by 26.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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’s holdings in Delek US were worth $1,316,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. River Road Asset Management LLC boosted its position in shares of Delek US by 1.1% in the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock worth $76,880,000 after purchasing an additional 45,949 shares during the period. Victory Capital Management Inc. boosted its stake in Delek US by 17.2% during the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock valued at $61,492,000 after buying an additional 480,614 shares during the last quarter. State Street Corp boosted its stake in Delek US by 8.0% during the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock valued at $56,612,000 after buying an additional 223,110 shares during the last quarter. Rubric Capital Management LP purchased a new position in Delek US during the 3rd quarter valued at approximately $37,500,000. Finally, FMR LLC increased its position in Delek US by 47.3% in the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after purchasing an additional 548,777 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Trading Down 2.2 %

Shares of DK opened at $18.12 on Friday. The company has a 50-day moving average of $18.34 and a 200 day moving average of $19.29. 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 Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60. The firm 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 released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the business posted $2.02 EPS. Delek US’s quarterly revenue was down 34.3% on a year-over-year basis. On average, research analysts expect that Delek US Holdings, Inc. will post -5.33 EPS for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis 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 presently -20.99%.

Wall Street Analyst Weigh In

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

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.