Rafferty Asset Management LLC Has $2.12 Million Holdings in Delek US Holdings, Inc. (NYSE:DK)

Rafferty Asset Management LLC raised its position in Delek US Holdings, Inc. (NYSE:DK) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 114,701 shares of the oil and gas company’s stock after acquiring an additional 797 shares during the period. Rafferty Asset Management LLC’s holdings in Delek US were worth $2,122,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its stake in Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 1,311 shares during the period. KBC Group NV lifted its holdings in shares of Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 1,538 shares in the last quarter. ARS Investment Partners LLC bought a new position in shares of Delek US in the fourth quarter valued at approximately $185,000. Abel Hall LLC bought a new position in shares of Delek US in the fourth quarter valued at approximately $196,000. Finally, Freestone Grove Partners LP bought a new position in shares of Delek US in the fourth quarter valued at approximately $209,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

DK has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their target price on Delek US from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Raymond James dropped their target price on Delek US from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company dropped their target price on Delek US from $16.00 to $11.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Morgan Stanley lifted their price target on Delek US from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Monday. Finally, Scotiabank dropped their price target on Delek US from $24.00 to $14.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.10.

Insiders Place Their Bets

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 5,055 shares of company stock valued at $70,787 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Delek US Stock Performance

NYSE:DK opened at $18.63 on Wednesday. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The business has a fifty day simple moving average of $14.61 and a two-hundred day simple moving average of $16.69. Delek US Holdings, Inc. has a 1 year low of $11.03 and a 1 year high of $28.57. The company has a market capitalization of $1.13 billion, a P/E ratio of -3.83 and a beta of 0.74.

Delek US (NYSE:DK) last released its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.27) by ($0.05). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business earned ($0.41) earnings per share. The business’s quarterly revenue was down 18.1% compared to the same quarter last year. On average, analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend was Monday, May 12th. Delek US’s dividend payout ratio is currently -9.18%.

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.