Quantitative Investment Management LLC acquired a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 63,200 shares of the oil and gas company’s stock, valued at approximately $2,208,000. Quantitative Investment Management LLC owned about 0.08% of Delek US as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of DK. Quantbot Technologies LP acquired a new stake in shares of Delek US in the third quarter valued at approximately $114,000. Meeder Asset Management Inc. raised its position in shares of Delek US by 194.4% in the fourth quarter. Meeder Asset Management Inc. now owns 3,286 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 2,170 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Delek US by 51.3% in the third quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 2,412 shares in the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of Delek US in the third quarter valued at approximately $215,000. Finally, Aperio Group LLC acquired a new stake in shares of Delek US in the third quarter valued at approximately $236,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.
Shares of Delek US stock opened at $37.39 on Monday. The firm has a market cap of $3,137.74, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 1.54 and a beta of 1.63. Delek US Holdings, Inc. has a one year low of $20.65 and a one year high of $39.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 0.98.
Delek US (NYSE:DK) last posted its earnings results on Monday, February 26th. The oil and gas company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Delek US had a net margin of 3.99% and a return on equity of 5.99%. The company’s revenue was up 129.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. sell-side analysts expect that Delek US Holdings, Inc. will post 2.42 EPS for the current year.
Delek US announced that its Board of Directors has authorized a stock repurchase program on Monday, February 26th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, March 9th. This is a boost from Delek US’s previous quarterly dividend of $0.15. Delek US’s payout ratio is presently 23.39%.
In related news, insider Anthony L. Miller sold 1,118 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $36.87, for a total value of $41,220.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel L. Gordon sold 2,500 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $37.57, for a total transaction of $93,925.00. The disclosure for this sale can be found here. In the last three months, insiders sold 270,109 shares of company stock worth $10,022,256. 1.61% of the stock is currently owned by insiders.
DK has been the subject of a number of analyst reports. TheStreet upgraded shares of Delek US from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. Royal Bank of Canada reiterated a “buy” rating and issued a $41.00 price target on shares of Delek US in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Delek US from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, January 17th. Scotiabank restated a “buy” rating and set a $43.00 price objective on shares of Delek US in a research report on Wednesday, January 10th. Finally, Citigroup upgraded shares of Delek US from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $37.43.
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About Delek US
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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