California State Teachers Retirement System Reduces Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

California State Teachers Retirement System lowered its position in Delek US Holdings, Inc. (NYSE:DK) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,290 shares of the oil and gas company’s stock after selling 1,760 shares during the quarter. California State Teachers Retirement System owned about 0.10% of Delek US worth $1,115,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Millennium Management LLC boosted its stake in Delek US by 1,199.2% during the fourth quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company’s stock worth $16,100,000 after buying an additional 803,274 shares during the period. Deprince Race & Zollo Inc. purchased a new position in Delek US during the fourth quarter worth about $13,680,000. Ion Asset Management Ltd. boosted its stake in Delek US by 16.5% during the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company’s stock worth $63,918,000 after buying an additional 488,509 shares during the period. Norges Bank purchased a new position in Delek US during the fourth quarter worth about $6,815,000. Finally, Barclays PLC boosted its stake in Delek US by 23.1% during the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company’s stock worth $34,078,000 after buying an additional 345,210 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DK. Mizuho raised shares of Delek US from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $22.00 to $23.00 in a research note on Tuesday, May 13th. The Goldman Sachs Group increased their target price on shares of Delek US from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Scotiabank lowered their target price on shares of Delek US from $24.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. UBS Group lowered their target price on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Finally, Raymond James lowered their target price on shares of Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.27.

Delek US Stock Down 0.9%

Shares of DK opened at $18.95 on Tuesday. The company’s 50-day simple moving average is $15.47 and its 200-day simple moving average is $16.80. The stock has a market capitalization of $1.15 billion, a PE ratio of -3.90 and a beta of 0.96. Delek US Holdings, Inc. has a 1 year low of $11.03 and a 1 year high of $25.68. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing the consensus estimate of ($2.27) by ($0.05). The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s revenue was down 18.1% compared to the same quarter last year. During the same period last year, the business earned ($0.41) EPS. Analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.02 annualized dividend and a yield of 5.38%. Delek US’s dividend payout ratio (DPR) is -9.18%.

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.