Foundry Partners LLC reduced its stake in Delek US Holdings Inc. (NYSE:DK) by 3.2% during the third quarter, Holdings Channel reports. The fund owned 15,900 shares of the company’s stock after selling 525 shares during the period. Foundry Partners LLC’s holdings in Delek US Holdings were worth $275,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in Delek US Holdings by 84.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 18,492 shares of the company’s stock valued at $244,000 after buying an additional 8,454 shares during the last quarter. California State Teachers Retirement System increased its position in Delek US Holdings by 6.4% in the second quarter. California State Teachers Retirement System now owns 129,300 shares of the company’s stock valued at $1,708,000 after buying an additional 7,765 shares during the last quarter. Bank of New York Mellon Corp increased its position in Delek US Holdings by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 518,689 shares of the company’s stock valued at $6,852,000 after buying an additional 20,136 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in Delek US Holdings during the second quarter valued at $36,729,000. Finally, First Midwest Bank Trust Division acquired a new position in Delek US Holdings during the second quarter valued at $176,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.
Shares of Delek US Holdings Inc. (NYSE:DK) traded up 0.45% on Friday, hitting $20.01. 300,663 shares of the company traded hands. The firm’s 50 day moving average price is $17.39 and its 200-day moving average price is $15.39. The stock’s market capitalization is $1.24 billion. Delek US Holdings Inc. has a 1-year low of $11.41 and a 1-year high of $28.66.
Delek US Holdings (NYSE:DK) last announced its quarterly earnings data on Monday, October 31st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.09. Delek US Holdings had a negative net margin of 4.61% and a negative return on equity of 5.78%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $0.29 earnings per share. The company’s quarterly revenue was down 16.5% compared to the same quarter last year. On average, equities research analysts expect that Delek US Holdings Inc. will post ($1.69) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Tuesday, November 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Friday, November 18th. Delek US Holdings’s dividend payout ratio (DPR) is currently -16.22%.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Delek US Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, November 17th. Piper Jaffray Cos. boosted their price objective on shares of Delek US Holdings from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, September 16th. Citigroup Inc. assumed coverage on shares of Delek US Holdings in a research note on Wednesday, September 14th. They set a “buy” rating and a $23.00 price objective for the company. Wolfe Research cut shares of Delek US Holdings from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 14th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. boosted their price objective on shares of Delek US Holdings from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $19.88.
Delek US Holdings Company Profile
Delek US Holdings, Inc is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd).