Russell Investments Group Ltd. Sells 272,327 Shares of Delek US Holdings, Inc. (NYSE:DK)

Russell Investments Group Ltd. decreased its position in Delek US Holdings, Inc. (NYSE:DK) by 57.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 204,590 shares of the oil and gas company’s stock after selling 272,327 shares during the quarter. Russell Investments Group Ltd.’s holdings in Delek US were worth $5,279,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DK. River Road Asset Management LLC increased its holdings in shares of Delek US by 510.1% during the fourth quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock valued at $96,675,000 after acquiring an additional 3,132,971 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Delek US by 2,421.9% during the fourth quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock valued at $24,195,000 after acquiring an additional 900,600 shares in the last quarter. UBS Group AG increased its holdings in shares of Delek US by 3.6% during the third quarter. UBS Group AG now owns 719,310 shares of the oil and gas company’s stock valued at $20,436,000 after acquiring an additional 24,695 shares in the last quarter. Boston Partners increased its holdings in shares of Delek US by 0.5% during the third quarter. Boston Partners now owns 539,381 shares of the oil and gas company’s stock valued at $15,153,000 after acquiring an additional 2,630 shares in the last quarter. Finally, Raymond James & Associates bought a new position in shares of Delek US during the fourth quarter valued at $13,295,000. Institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Robert G. Wright sold 2,123 shares of Delek US stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $28.50, for a total transaction of $60,505.50. Following the transaction, the chief financial officer now directly owns 18,925 shares of the company’s stock, valued at approximately $539,362.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 4,226 shares of company stock valued at $120,775. Insiders own 1.80% of the company’s stock.

Delek US Trading Up 0.6 %

Shares of NYSE:DK opened at $28.00 on Friday. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 127.27 and a beta of 1.34. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.63 and a current ratio of 0.99. The stock’s 50-day simple moving average is $29.23 and its two-hundred day simple moving average is $27.45. Delek US Holdings, Inc. has a 52-week low of $21.26 and a 52-week high of $33.60.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.15. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. The business’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same period last year, the firm posted $1.37 earnings per share. Analysts expect that Delek US Holdings, Inc. will post 1.38 EPS for the current year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.57%. This is a boost from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, May 16th. Delek US’s dividend payout ratio (DPR) is presently 454.55%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DK. Wells Fargo & Company raised their price target on Delek US from $21.00 to $26.00 and gave the company an “underweight” rating in a report on Wednesday, March 20th. Citigroup started coverage on Delek US in a report on Wednesday, January 24th. They issued a “neutral” rating for the company. TD Cowen reduced their price objective on Delek US from $27.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday. Mizuho lifted their price objective on Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a report on Friday, March 22nd. Finally, Scotiabank lifted their price objective on Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Delek US currently has a consensus rating of “Hold” and an average price target of $28.67.

About Delek US

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.