Mackenzie Financial Corp Has $733,000 Stake in Delek US Holdings, Inc. (NYSE:DK)

Mackenzie Financial Corp increased its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 67.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,617 shares of the oil and gas company's stock after purchasing an additional 16,009 shares during the period. Mackenzie Financial Corp owned approximately 0.06% of Delek US worth $733,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DK. Sterling Capital Management LLC lifted its holdings in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 1,311 shares in the last quarter. KBC Group NV increased its position in shares of Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 1,538 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Delek US in the fourth quarter valued at about $209,000. Ellevest Inc. acquired a new stake in shares of Delek US in the fourth quarter valued at about $209,000. Finally, Diametric Capital LP acquired a new position in Delek US during the fourth quarter worth approximately $251,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Trading Up 2.6%

Delek US stock traded up $0.48 during trading hours on Thursday, reaching $19.10. 1,033,113 shares of the company's stock were exchanged, compared to its average volume of 1,309,044. 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 firm's 50 day simple moving average is $15.25 and its 200 day simple moving average is $16.81. Delek US Holdings, Inc. has a twelve month low of $11.03 and a twelve month high of $25.68. The firm has a market capitalization of $1.16 billion, a PE ratio of -3.93 and a beta of 0.74.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business posted ($0.41) earnings per share. The business's revenue was down 18.1% on a year-over-year basis. Research analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were paid a $0.255 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.34%. Delek US's dividend payout ratio is presently -9.18%.

Analyst Ratings Changes

A number of equities analysts have weighed in on DK shares. Raymond James lowered their price target on Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their target price on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group upped their target price on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Scotiabank decreased their target price on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley upped their target price on Delek US from $14.00 to $15.00 and gave the company an "underweight" rating in a research report on Monday, May 19th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $17.27.

Insider Activity

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The stock was bought 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 in the company, valued at approximately $673,190.60. This represents a 6.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 5,055 shares of company stock worth $70,787 in the last three months. Company insiders own 1.80% of the company's stock.

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.