Cetera Investment Advisers Makes New $191,000 Investment in Delek US Holdings, Inc. $DK

Cetera Investment Advisers acquired a new position in Delek US Holdings, Inc. (NYSE:DK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,687 shares of the oil and gas company’s stock, valued at approximately $191,000.

Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Delek US by 238.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 750,319 shares of the oil and gas company’s stock worth $11,307,000 after purchasing an additional 528,400 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Delek US by 1,548.4% during the first quarter. Nisa Investment Advisors LLC now owns 13,270 shares of the oil and gas company’s stock valued at $200,000 after acquiring an additional 12,465 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Delek US by 77.4% during the first quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 3,105 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Delek US by 14.4% during the fourth quarter. Ameriprise Financial Inc. now owns 792,111 shares of the oil and gas company’s stock valued at $14,654,000 after acquiring an additional 99,521 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Delek US by 8.0% during the fourth quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company’s stock valued at $16,721,000 after acquiring an additional 66,815 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

NYSE DK opened at $24.5220 on Friday. The firm’s fifty day simple moving average is $22.77 and its two-hundred day simple moving average is $18.40. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 10.48. Delek US Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $27.07. The firm has a market capitalization of $1.47 billion, a P/E ratio of -2.00 and a beta of 1.00.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $0.36. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period in the previous year, the company earned ($0.92) earnings per share. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. Analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 11th. Delek US’s payout ratio is currently -8.30%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DK. Morgan Stanley lifted their price target on shares of Delek US from $15.00 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday, July 16th. The Goldman Sachs Group lifted their price target on shares of Delek US from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. TD Cowen reduced their price objective on shares of Delek US from $18.00 to $15.00 and set a “sell” rating for the company in a research note on Friday, August 8th. Raymond James Financial boosted their price objective on shares of Delek US from $23.00 to $28.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Delek US from $11.00 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, June 11th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $20.35.

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.