ARS Investment Partners LLC Makes New $185,000 Investment in Delek US Holdings, Inc. (NYSE:DK)

ARS Investment Partners LLC purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the oil and gas company’s stock, valued at approximately $185,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clifford Capital Partners LLC bought a new stake in shares of Delek US during the 3rd quarter valued at $7,504,000. Point72 Asset Management L.P. bought a new stake in Delek US during the second quarter worth about $19,806,000. International Assets Investment Management LLC grew 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 worth $12,160,000 after purchasing an additional 613,514 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Delek US by 76.8% during the third quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company’s stock valued at $9,041,000 after purchasing an additional 209,474 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Delek US by 4.5% during the third quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock valued at $27,368,000 after purchasing an additional 63,502 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DK. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Bank of America started coverage on shares of Delek US in a report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 target price for the company. Finally, Mizuho cut their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Five investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.00.

Delek US Trading Down 2.5 %

NYSE:DK opened at $19.31 on Wednesday. The company has a 50 day simple moving average of $18.36 and a two-hundred day simple moving average of $19.36. The company has a market cap of $1.22 billion, a PE ratio of -3.97 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 12 month low of $15.36 and a 12 month high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. Delek US’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.02 earnings per share. Research analysts forecast that Delek US Holdings, Inc. will post -5.11 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Tuesday, November 12th. Delek US’s payout ratio is -20.99%.

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.