Jane Street Group LLC purchased a new stake in Delek US Holdings Inc (NYSE:DK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,217 shares of the oil and gas company’s stock, valued at approximately $722,000.
Several other institutional investors and hedge funds have also modified their holdings of DK. Tortoise Capital Advisors L.L.C. grew its stake in shares of Delek US by 572.8% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 231,761 shares of the oil and gas company’s stock worth $9,834,000 after buying an additional 197,313 shares during the last quarter. BlackRock Inc. grew its position in Delek US by 0.4% during the 3rd quarter. BlackRock Inc. now owns 5,829,259 shares of the oil and gas company’s stock worth $247,336,000 after acquiring an additional 21,141 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Delek US by 42.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,333 shares of the oil and gas company’s stock worth $311,000 after purchasing an additional 2,200 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Delek US in the 3rd quarter worth about $1,365,000. Finally, Paloma Partners Management Co raised its position in Delek US by 193.7% in the third quarter. Paloma Partners Management Co now owns 30,356 shares of the oil and gas company’s stock valued at $1,287,000 after purchasing an additional 20,022 shares during the last quarter.
NYSE DK opened at $39.15 on Friday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 7.88, a P/E/G ratio of 1.00 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.04 and a current ratio of 1.45. Delek US Holdings Inc has a 12 month low of $29.51 and a 12 month high of $61.57.
Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, February 19th. The oil and gas company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.32. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $3.03 billion. Delek US had a return on equity of 23.22% and a net margin of 3.52%. Equities research analysts expect that Delek US Holdings Inc will post 3.9 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Monday, March 4th. This is an increase from Delek US’s previous quarterly dividend of $0.26. Delek US’s dividend payout ratio is currently 22.50%.
Several analysts have recently weighed in on DK shares. Mizuho restated a “buy” rating and set a $60.00 price target on shares of Delek US in a report on Thursday, February 21st. ValuEngine upgraded shares of Delek US from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Barclays reiterated a “buy” rating and issued a $51.00 price objective on shares of Delek US in a report on Thursday, February 21st. Piper Jaffray Companies reiterated a “neutral” rating on shares of Delek US in a research report on Thursday, January 10th. Finally, Zacks Investment Research lowered shares of Delek US from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.63.
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Delek US Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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