Guggenheim Capital LLC Reduces Position in Delek US Holdings, Inc. (NYSE:DK)

Guggenheim Capital LLC lessened its stake in shares of Delek US Holdings, Inc. (NYSE:DK – Get Rating) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,581 shares of the oil and gas company’s stock after selling 1,258 shares during the quarter. Guggenheim Capital LLC’s holdings in Delek US were worth $531,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DK. Vanguard Group Inc. raised its holdings in shares of Delek US by 6.2% during the first quarter. Vanguard Group Inc. now owns 7,694,334 shares of the oil and gas company’s stock valued at $163,273,000 after acquiring an additional 446,408 shares in the last quarter. State Street Corp raised its holdings in shares of Delek US by 17.4% during the second quarter. State Street Corp now owns 4,070,279 shares of the oil and gas company’s stock valued at $105,176,000 after acquiring an additional 603,680 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Delek US by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 3,546,819 shares of the oil and gas company’s stock valued at $96,260,000 after acquiring an additional 37,721 shares in the last quarter. Ion Asset Management Ltd. raised its holdings in shares of Delek US by 151.1% during the third quarter. Ion Asset Management Ltd. now owns 1,816,674 shares of the oil and gas company’s stock valued at $49,305,000 after acquiring an additional 1,093,168 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Delek US by 30.4% during the third quarter. Nuveen Asset Management LLC now owns 1,580,969 shares of the oil and gas company’s stock valued at $42,908,000 after acquiring an additional 368,874 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Delek US Price Performance

Shares of NYSE:DK opened at $23.31 on Friday. Delek US Holdings, Inc. has a 1-year low of $17.70 and a 1-year high of $35.45. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.20 and a quick ratio of 0.71. The business has a fifty day moving average price of $25.86 and a 200-day moving average price of $27.91. The company has a market capitalization of $1.56 billion, a PE ratio of 6.64, a PEG ratio of 1.00 and a beta of 1.43.

Delek US (NYSE:DK – Get Rating) last released its quarterly earnings data on Tuesday, February 28th. The oil and gas company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.05). Delek US had a net margin of 1.27% and a return on equity of 35.96%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the business earned ($0.61) earnings per share. The company’s quarterly revenue was up 44.1% on a year-over-year basis. As a group, equities analysts expect that Delek US Holdings, Inc. will post 4.76 EPS for the current fiscal year.

Delek US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Friday, March 10th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, March 9th. This is a boost from Delek US’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.78%. Delek US’s dividend payout ratio (DPR) is 23.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DK. Morgan Stanley upped their target price on Delek US from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, January 20th. Mizuho decreased their price objective on Delek US from $30.00 to $25.00 in a report on Friday. JPMorgan Chase & Co. decreased their price objective on Delek US from $28.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, November 15th. UBS Group started coverage on Delek US in a report on Wednesday. They issued a “neutral” rating and a $29.00 price objective for the company. Finally, Wells Fargo & Company downgraded Delek US from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $40.00 to $24.00 in a report on Thursday, January 5th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Delek US presently has a consensus rating of “Hold” and a consensus price target of $31.67.

Delek US Company Profile

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Delek US Holdings, Inc engages in petroleum refining, and the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.