Delek US Holdings, Inc. (NYSE:DK) Position Raised by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 90.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,352 shares of the oil and gas company’s stock after buying an additional 9,179 shares during the period. Mackenzie Financial Corp’s holdings in Delek US were worth $499,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC acquired a new stake in Delek US in the third quarter worth approximately $510,000. IFP Advisors Inc acquired a new stake in Delek US during the 3rd quarter worth about $28,000. SG Americas Securities LLC acquired a new stake in shares of Delek US during the third quarter worth approximately $295,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Delek US during the 3rd quarter valued at $307,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Delek US by 35.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,129 shares of the oil and gas company’s stock worth $401,000 after acquiring an additional 3,711 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total transaction of $60,505.50. Following the completion of the transaction, the chief financial officer now directly owns 18,925 shares in the company, valued at approximately $539,362.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 4,976 shares of company stock valued at $141,243 in the last quarter. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DK shares. Mizuho boosted their price objective on shares of Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a research note on Friday, March 22nd. Scotiabank raised their price objective on shares of Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. StockNews.com lowered Delek US from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Wells Fargo & Company raised their price objective on shares of Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, March 20th. Finally, TD Cowen increased their target price on Delek US from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.56.

Delek US Price Performance

Shares of DK stock opened at $29.33 on Friday. The firm’s 50 day moving average price is $29.15 and its two-hundred day moving average price is $27.39. The stock has a market cap of $1.88 billion, a PE ratio of 133.32 and a beta of 1.32. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.63 and a current ratio of 0.99. Delek US Holdings, Inc. has a 52-week low of $19.39 and a 52-week high of $33.60.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.28) by ($0.18). Delek US had a return on equity of 18.27% and a net margin of 0.12%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period in the previous year, the business posted $0.88 EPS. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. As a group, analysts forecast that Delek US Holdings, Inc. will post 1.43 EPS for the current year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 1st were given a dividend of $0.245 per share. This is a boost from Delek US’s previous quarterly dividend of $0.24. This represents a $0.98 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, February 29th. Delek US’s dividend payout ratio is currently 445.45%.

Delek US Company 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.