AQR Capital Management LLC Acquires 14,297 Shares of Delek US Holdings, Inc. (NYSE:DK)

AQR Capital Management LLC boosted its holdings in Delek US Holdings, Inc. (NYSE:DK) by 67.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,456 shares of the oil and gas company’s stock after purchasing an additional 14,297 shares during the period. AQR Capital Management LLC owned approximately 0.06% of Delek US worth $878,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Heartland Advisors Inc. bought a new position in shares of Delek US in the first quarter worth approximately $1,537,000. Sei Investments Co. grew its holdings in Delek US by 44.1% in the 1st quarter. Sei Investments Co. now owns 176,442 shares of the oil and gas company’s stock worth $5,424,000 after acquiring an additional 53,957 shares during the last quarter. Easterly Investment Partners LLC increased its position in shares of Delek US by 26.7% in the second quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock valued at $11,329,000 after acquiring an additional 96,531 shares during the period. Acadian Asset Management LLC raised its stake in shares of Delek US by 627.2% during the first quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company’s stock valued at $8,191,000 after acquiring an additional 229,992 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Delek US during the first quarter worth about $1,502,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Stock Up 2.1 %

NYSE:DK opened at $19.50 on Friday. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58. The firm’s 50-day moving average price is $19.99 and its 200-day moving average price is $24.20. The company has a market capitalization of $1.25 billion, a PE ratio of -15.73 and a beta of 1.13. Delek US Holdings, Inc. has a 1-year low of $18.25 and a 1-year high of $33.60.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The business’s revenue was down 18.4% compared to the same quarter last year. On average, equities analysts predict that Delek US Holdings, Inc. will post -3.79 EPS for the current fiscal year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a dividend of $0.255 per share. This is a boost from Delek US’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.23%. Delek US’s payout ratio is presently -82.26%.

Insiders Place Their Bets

In other news, CEO Avigal Soreq acquired 5,651 shares of Delek US stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $20.42 per share, for a total transaction of $115,393.42. Following the purchase, the chief executive officer now owns 188,881 shares in the company, valued at $3,856,950.02. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

DK has been the topic of a number of research analyst reports. StockNews.com downgraded Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Wells Fargo & Company reduced their target price on Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $26.00 in a research note on Monday, September 16th. TD Cowen cut their price target on shares of Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Finally, Scotiabank decreased their price objective on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.55.

Delek US Company 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.