Delek US Holdings, Inc. (NYSE:DK) Shares Acquired by River Road Asset Management LLC

River Road Asset Management LLC grew its position in Delek US Holdings, Inc. (NYSE:DK) by 1.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,100,268 shares of the oil and gas company’s stock after acquiring an additional 45,949 shares during the period. River Road Asset Management LLC owned approximately 0.06% of Delek US worth $76,880,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Encompass Capital Advisors LLC purchased a new position in Delek US in the second quarter valued at $22,833,000. SIR Capital Management L.P. boosted its holdings in Delek US by 37.2% in the second quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock valued at $21,693,000 after purchasing an additional 237,734 shares during the period. Point72 Asset Management L.P. purchased a new position in Delek US in the second quarter valued at $19,806,000. International Assets Investment Management LLC boosted its holdings in Delek US by 1,753.2% in the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock valued at $12,160,000 after purchasing an additional 613,514 shares during the period. Finally, Easterly Investment Partners LLC boosted its holdings in Delek US by 26.7% in the second quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock valued at $11,329,000 after purchasing an additional 96,531 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Stock Up 3.0 %

DK opened at $15.86 on Tuesday. The business’s 50-day simple moving average is $18.68 and its 200-day simple moving average is $22.51. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. Delek US Holdings, Inc. has a one year low of $15.36 and a one year high of $33.60. The stock has a market capitalization of $1.02 billion, a P/E ratio of -9.38 and a beta of 1.15.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.50. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The firm’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS. Analysts anticipate that Delek US Holdings, Inc. will post -4.66 EPS for the current year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend is Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is presently -60.36%.

Insider Activity at Delek US

In related news, CEO Avigal Soreq purchased 5,651 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the transaction, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DK has been the subject of a number of recent analyst reports. StockNews.com downgraded Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Wolfe Research initiated coverage on Delek US in a report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price target for the company. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $28.00 to $26.00 in a report on Monday, September 16th. Scotiabank decreased their price target on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. decreased their price target on Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.00.

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.