Raymond James Financial Inc. Has $2.92 Million Stock Position in Delek US Holdings, Inc. $DK

Raymond James Financial Inc. decreased its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 29.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,557 shares of the oil and gas company's stock after selling 82,145 shares during the period. Raymond James Financial Inc. owned about 0.32% of Delek US worth $2,917,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Rafferty Asset Management LLC increased its holdings in shares of Delek US by 0.7% in the 4th quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock valued at $2,122,000 after purchasing an additional 797 shares during the period. CWM LLC increased its holdings in Delek US by 100.9% in the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock worth $35,000 after buying an additional 1,164 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Delek US by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company's stock worth $668,000 after buying an additional 1,227 shares during the last quarter. Abel Hall LLC increased its holdings in Delek US by 26.3% in the first quarter. Abel Hall LLC now owns 13,384 shares of the oil and gas company's stock worth $202,000 after buying an additional 2,790 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Delek US by 16.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,306 shares of the oil and gas company's stock worth $306,000 after buying an additional 2,918 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Buying and Selling

In related news, CFO Robert G. Wright sold 7,135 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the transaction, the chief financial officer directly owned 48,294 shares of the company's stock, valued at $1,412,116.56. This trade represents a 12.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DK shares. Raymond James Financial upped their target price on Delek US from $26.00 to $33.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wells Fargo & Company upped their target price on Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 11th. Morgan Stanley upped their target price on Delek US from $15.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 16th. UBS Group upped their target price on Delek US from $24.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Finally, Citigroup reaffirmed a "neutral" rating and set a $30.00 target price (up previously from $15.00) on shares of Delek US in a research report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $24.69.

Delek US Stock Performance

Shares of DK traded down $0.95 during mid-day trading on Thursday, hitting $28.76. The company's stock had a trading volume of 1,227,253 shares, compared to its average volume of 1,720,242. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $32.61. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. The firm has a market capitalization of $1.73 billion, a PE ratio of -2.34 and a beta of 1.09. The stock's 50-day moving average is $24.75 and its two-hundred day moving average is $19.37.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.92) by $0.36. The firm had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.68 billion. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.Delek US's quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the business earned ($0.92) earnings per share. As a group, sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, August 11th. Delek US's dividend payout ratio (DPR) is -8.30%.

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.