Geode Capital Management LLC Has $27.37 Million Stock Position in Delek US Holdings, Inc. (NYSE:DK)

Geode Capital Management LLC grew its position in Delek US Holdings, Inc. (NYSE:DK) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,459,301 shares of the oil and gas company’s stock after purchasing an additional 63,502 shares during the period. Geode Capital Management LLC owned approximately 2.31% of Delek US worth $27,368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DK. Quarry LP acquired a new stake in Delek US in the 2nd quarter valued at $43,000. Farther Finance Advisors LLC grew its holdings in shares of Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 1,508 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Delek US in the third quarter valued at about $193,000. MQS Management LLC bought a new stake in Delek US during the third quarter worth about $201,000. Finally, Chesapeake Capital Corp IL acquired a new position in Delek US during the second quarter valued at approximately $223,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Stock Performance

Shares of NYSE:DK opened at $17.16 on Friday. Delek US Holdings, Inc. has a 12-month low of $15.36 and a 12-month high of $33.60. The company’s 50 day moving average price is $17.64 and its two-hundred day moving average price is $20.08. The firm has a market cap of $1.08 billion, a PE ratio of -3.53 and a beta of 1.22. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company’s revenue was down 34.3% on a year-over-year basis. During the same quarter last year, the company earned $2.02 EPS. Equities research analysts predict that Delek US Holdings, Inc. will post -4.4 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.94%. Delek US’s dividend payout ratio is -20.99%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Piper Sandler dropped their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Mizuho dropped their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Morgan Stanley reduced their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, September 16th. Bank of America began coverage on Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective on the stock. Finally, Wells Fargo & Company reduced their target price on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, December 9th. Six investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.00.

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.