Gideon Capital Advisors Inc. purchased a new stake in Delek US Holdings Inc (NYSE:DK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,272 shares of the oil and gas company’s stock, valued at approximately $309,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Northern Trust Corp raised its stake in Delek US by 9.2% during the 2nd quarter. Northern Trust Corp now owns 1,928,902 shares of the oil and gas company’s stock valued at $96,773,000 after purchasing an additional 163,101 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Delek US by 64.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,082,986 shares of the oil and gas company’s stock valued at $54,334,000 after purchasing an additional 424,977 shares during the period. Fisher Asset Management LLC raised its stake in Delek US by 10.5% during the 3rd quarter. Fisher Asset Management LLC now owns 826,273 shares of the oil and gas company’s stock valued at $35,059,000 after purchasing an additional 78,576 shares during the period. Alpha Windward LLC acquired a new stake in Delek US during the 3rd quarter valued at $458,000. Finally, AGF Investments Inc. acquired a new stake in Delek US during the 2nd quarter valued at $1,781,000.
DK has been the topic of several recent analyst reports. ValuEngine raised shares of Delek US from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Raymond James lowered their price target on shares of Delek US from $70.00 to $60.00 and set a “strong-buy” rating on the stock in a report on Monday, September 24th. Goldman Sachs Group cut shares of Delek US from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, October 9th. Barclays lowered their price target on shares of Delek US from $62.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, October 3rd. Finally, Morgan Stanley lowered their price target on shares of Delek US from $62.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, November 20th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Delek US currently has a consensus rating of “Buy” and a consensus target price of $52.14.
Delek US stock opened at $39.79 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 1.43. Delek US Holdings Inc has a 12 month low of $29.92 and a 12 month high of $61.57. The firm has a market cap of $3.26 billion, a PE ratio of 10.25, a P/E/G ratio of 0.95 and a beta of 1.37.
Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported $2.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.08 by ($0.06). The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.96 billion. Delek US had a return on equity of 17.94% and a net margin of 4.40%. As a group, equities analysts expect that Delek US Holdings Inc will post 4.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 20th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, November 19th. This is a boost from Delek US’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. Delek US’s dividend payout ratio is currently 82.54%.
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About Delek US
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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