739,470 Shares in Delek US Holdings, Inc. (NYSE:DK) Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. acquired a new stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 739,470 shares of the oil and gas company's stock, valued at approximately $13,680,000. Deprince Race & Zollo Inc. owned 1.17% of Delek US at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its position in shares of Delek US by 51.5% in the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock valued at $28,065,000 after acquiring an additional 508,719 shares in the last quarter. Ion Asset Management Ltd. lifted its position in shares of Delek US by 16.5% during the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock worth $63,918,000 after purchasing an additional 488,509 shares during the last quarter. Norges Bank purchased a new stake in shares of Delek US in the fourth quarter valued at approximately $6,815,000. Rangeley Capital LLC purchased a new stake in Delek US in the fourth quarter worth about $6,179,000. Finally, Raymond James Financial Inc. bought a new position in shares of Delek US during the fourth quarter valued at approximately $5,100,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DK. Wells Fargo & Company decreased their target price on shares of Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Raymond James decreased their target price on Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Mizuho raised Delek US from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $22.00 to $23.00 in a research report on Tuesday. The Goldman Sachs Group cut their target price on shares of Delek US from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, Morgan Stanley dropped their price objective on Delek US from $18.00 to $14.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $17.02.

Delek US Trading Up 0.9%

NYSE:DK traded up $0.16 on Wednesday, hitting $17.49. The stock had a trading volume of 909,012 shares, compared to its average volume of 1,509,484. The company has a fifty day moving average price of $14.18 and a two-hundred day moving average price of $16.61. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $28.91. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -3.60 and a beta of 0.74.

Delek US (NYSE:DK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the firm earned ($0.41) EPS. The firm's revenue for the quarter was down 18.1% compared to the same quarter last year. Equities research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be issued a $0.255 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.83%. Delek US's dividend payout ratio (DPR) is presently -9.18%.

Insider Activity at Delek US

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the purchase, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at $673,190.60. The trade was a 6.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 5,055 shares of company stock valued at $70,787 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

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.