Barclays PLC Buys 508,719 Shares of Delek US Holdings, Inc. (NYSE:DK)

Barclays PLC lifted its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 51.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,496,825 shares of the oil and gas company’s stock after acquiring an additional 508,719 shares during the quarter. Barclays PLC’s holdings in Delek US were worth $28,065,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DK. River Road Asset Management LLC grew its stake in Delek US by 1.1% in the 3rd quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after buying an additional 45,949 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Delek US by 17.2% during the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock valued at $61,492,000 after acquiring an additional 480,614 shares during the period. State Street Corp grew its position in shares of Delek US by 8.0% in the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock valued at $56,612,000 after purchasing an additional 223,110 shares during the last quarter. Rubric Capital Management LP bought a new position in shares of Delek US in the third quarter worth about $37,500,000. Finally, FMR LLC lifted its position in shares of Delek US by 47.3% during the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after purchasing an additional 548,777 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Price Performance

Shares of DK stock opened at $17.46 on Friday. The stock’s fifty day simple moving average is $18.08 and its 200 day simple moving average is $20.71. Delek US Holdings, Inc. has a one year low of $15.36 and a one year high of $33.60. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -3.59 and a beta of 1.22. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.71) by $0.26. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.02 EPS. On average, analysts expect that Delek US Holdings, Inc. will post -4.4 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.84%. Delek US’s dividend payout ratio is -20.99%.

Wall Street Analysts Forecast Growth

DK has been the subject of several research reports. StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. JPMorgan Chase & Co. lifted their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company cut their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Bank of America assumed coverage on Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price objective on the stock. Finally, Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and cut their target price for the company from $28.00 to $26.00 in a research note on Monday, September 16th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.10.

Delek US Profile

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.