Strs Ohio Purchases 2,000 Shares of Delek US Holdings, Inc. (NYSE:DK)

Strs Ohio boosted its stake in Delek US Holdings, Inc. (NYSE:DKGet Rating) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,100 shares of the oil and gas company’s stock after acquiring an additional 2,000 shares during the period. Strs Ohio owned 0.05% of Delek US worth $1,006,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in DK. Advisor Group Holdings Inc. raised its position in Delek US by 44.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 486 shares during the period. American Century Companies Inc. raised its position in Delek US by 22.1% in the first quarter. American Century Companies Inc. now owns 22,726 shares of the oil and gas company’s stock worth $482,000 after acquiring an additional 4,120 shares during the period. Citigroup Inc. raised its position in shares of Delek US by 3.6% in the first quarter. Citigroup Inc. now owns 76,831 shares of the oil and gas company’s stock valued at $1,630,000 after purchasing an additional 2,683 shares during the period. MetLife Investment Management LLC raised its position in shares of Delek US by 55.2% in the first quarter. MetLife Investment Management LLC now owns 36,779 shares of the oil and gas company’s stock valued at $780,000 after purchasing an additional 13,076 shares during the period. Finally, APG Asset Management N.V. bought a new stake in shares of Delek US in the first quarter valued at approximately $217,000. Institutional investors own 98.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on DK shares. Morgan Stanley boosted their price target on shares of Delek US to $27.00 in a research report on Tuesday, November 15th. StockNews.com cut shares of Delek US from a “buy” rating to a “hold” rating in a research note on Tuesday, December 6th. Wells Fargo & Company cut shares of Delek US from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $40.00 to $24.00 in a research note on Thursday, January 5th. Raymond James lowered their price target on shares of Delek US from $39.00 to $35.00 and set an “outperform” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Delek US from $28.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, November 15th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Delek US currently has a consensus rating of “Hold” and a consensus price target of $32.67.

Delek US Stock Up 0.3 %

NYSE DK opened at $25.06 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.05 and a debt-to-equity ratio of 2.08. The company has a fifty day moving average of $28.89 and a two-hundred day moving average of $27.75. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 5.37, a PEG ratio of 0.60 and a beta of 1.42. Delek US Holdings, Inc. has a 52 week low of $14.71 and a 52 week high of $35.45.

Delek US (NYSE:DKGet Rating) last released its earnings results on Monday, November 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.29). The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $4.07 billion. Delek US had a return on equity of 27.61% and a net margin of 1.77%. On average, analysts predict that Delek US Holdings, Inc. will post 6.21 earnings per share for the current year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Friday, November 18th were issued a $0.21 dividend. The ex-dividend date was Thursday, November 17th. This is an increase from Delek US’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.35%. Delek US’s payout ratio is currently 17.99%.

Delek US Company Profile

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Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.

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Institutional Ownership by Quarter for Delek US (NYSE:DK)

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