Fisher Asset Management LLC Sells 42,727 Shares of Delek US Holdings, Inc. $DK

Fisher Asset Management LLC decreased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,340,572 shares of the oil and gas company’s stock after selling 42,727 shares during the quarter. Fisher Asset Management LLC owned about 2.23% of Delek US worth $43,260,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DK. Ion Asset Management Ltd. grew its holdings in Delek US by 1.8% during the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock worth $79,296,000 after acquiring an additional 67,490 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Delek US by 40.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after purchasing an additional 423,017 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of Delek US by 0.3% during the second quarter. Systematic Financial Management LP now owns 914,458 shares of the oil and gas company’s stock worth $19,368,000 after purchasing an additional 3,026 shares during the period. Clifford Capital Partners LLC increased its holdings in Delek US by 1.9% in the second quarter. Clifford Capital Partners LLC now owns 807,249 shares of the oil and gas company’s stock valued at $17,098,000 after purchasing an additional 14,872 shares during the last quarter. Finally, Callodine Capital Management LP lifted its stake in Delek US by 6.3% in the second quarter. Callodine Capital Management LP now owns 717,245 shares of the oil and gas company’s stock valued at $15,191,000 after buying an additional 42,584 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Price Performance

Shares of NYSE DK opened at $40.78 on Wednesday. The company has a fifty day moving average price of $31.55 and a 200 day moving average price of $33.02. The firm has a market cap of $2.45 billion, a PE ratio of -116.51 and a beta of 0.75. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 7.12. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $43.50.

Delek US (NYSE:DK) last posted its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.63. Delek US had a negative return on equity of 14.92% and a negative net margin of 0.21%.The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the firm earned ($2.54) earnings per share. Delek US’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, March 2nd. Delek US’s payout ratio is currently -291.43%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DK. Piper Sandler decreased their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Morgan Stanley decreased their price objective on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Tuesday, January 27th. Scotiabank set a $34.00 target price on shares of Delek US in a research note on Friday, January 16th. Wells Fargo & Company lifted their price target on shares of Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Delek US has a consensus rating of “Hold” and a consensus price target of $38.85.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.