Geode Capital Management LLC Acquires 63,502 Shares of Delek US Holdings, Inc. (NYSE:DK)

Geode Capital Management LLC raised its holdings in Delek US Holdings, Inc. (NYSE:DK) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,459,301 shares of the oil and gas company’s stock after acquiring an additional 63,502 shares during the period. Geode Capital Management LLC’s holdings in Delek US were worth $27,368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. River Road Asset Management LLC grew its holdings in shares of Delek US by 1.1% during 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 purchasing an additional 45,949 shares during the last quarter. Victory Capital Management Inc. boosted its position in Delek US by 17.2% in 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 buying an additional 480,614 shares in the last quarter. State Street Corp increased its holdings in shares of Delek US by 8.0% during the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after buying an additional 223,110 shares in the last quarter. Rubric Capital Management LP acquired a new position in shares of Delek US during the third quarter worth $37,500,000. Finally, FMR LLC boosted its holdings 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 valued at $32,021,000 after acquiring an additional 548,777 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of Delek US stock opened at $17.16 on Friday. The business has a 50-day moving average price of $17.64 and a two-hundred day moving average price of $20.08. Delek US Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The company has a market cap of $1.08 billion, a P/E ratio of -3.53 and a beta of 1.22.

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

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is currently -20.99%.

Wall Street Analyst Weigh In

Several equities analysts have commented on DK shares. StockNews.com downgraded Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Mizuho dropped their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Scotiabank reduced their target price on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company cut their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Finally, Morgan Stanley decreased their price objective on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, September 16th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, Delek US currently has a consensus rating of “Hold” and an average price target of $21.00.

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.