Dimensional Fund Advisors LP Lowers Holdings in Delek US Holdings, Inc. (NYSE:DK)

Dimensional Fund Advisors LP lessened its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,684,645 shares of the oil and gas company's stock after selling 146,438 shares during the quarter. Dimensional Fund Advisors LP owned about 5.83% of Delek US worth $68,162,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DK. Barclays PLC increased its stake in 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 purchasing an additional 508,719 shares during the period. JPMorgan Chase & Co. increased its position in Delek US by 76.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company's stock valued at $9,041,000 after acquiring an additional 209,474 shares during the period. Wedge Capital Management L L P NC raised its stake in Delek US by 8.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 31,856 shares of the oil and gas company's stock valued at $589,000 after acquiring an additional 2,493 shares during the last quarter. ARS Investment Partners LLC purchased a new stake in Delek US during the 4th quarter valued at approximately $185,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in Delek US during the 4th quarter worth approximately $920,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $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 is available through this hyperlink. Insiders have acquired 5,055 shares of company stock worth $70,787 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. UBS Group dropped their price target on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Scotiabank reduced their price objective on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group dropped their target price on Delek US from $17.00 to $15.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley cut their target price on Delek US from $18.00 to $14.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Delek US has an average rating of "Hold" and an average price target of $16.94.

Delek US Price Performance

NYSE DK traded up $0.12 during mid-day trading on Tuesday, hitting $13.95. The stock had a trading volume of 151,086 shares, compared to its average volume of 1,234,441. The company has a 50 day simple moving average of $14.20 and a 200 day simple moving average of $16.67. The company has a market cap of $872.06 million, a price-to-earnings ratio of -2.89 and a beta of 0.74. Delek US Holdings, Inc. has a 52-week low of $11.03 and a 52-week high of $29.14. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.58 billion. During the same quarter in the prior year, the business earned ($1.46) EPS. The company's quarterly revenue was down 39.8% compared to the same quarter last year. Equities analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 7.31%. The ex-dividend date of this dividend is Monday, May 12th. Delek US's dividend payout ratio (DPR) is presently -11.54%.

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.