Kennondale Capital Management LLC Invests $616,000 in Delek US Holdings, Inc. (NYSE:DK)

Kennondale Capital Management LLC bought a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 40,875 shares of the oil and gas company's stock, valued at approximately $616,000. Kennondale Capital Management LLC owned 0.07% of Delek US as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its position in Delek US by 1,199.2% during the 4th quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company's stock worth $16,100,000 after purchasing an additional 803,274 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Delek US in the 4th quarter valued at about $13,680,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Delek US by 238.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 750,319 shares of the oil and gas company's stock worth $11,307,000 after acquiring an additional 528,400 shares in the last quarter. Ion Asset Management Ltd. lifted its position in Delek US by 16.5% during the 4th quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock worth $63,918,000 after acquiring an additional 488,509 shares in the last quarter. Finally, Norges Bank purchased a new stake in Delek US during the 4th quarter worth approximately $6,815,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DK. Citigroup reiterated a "neutral" rating and issued a $30.00 price target (up from $15.00) on shares of Delek US in a report on Wednesday, July 16th. UBS Group cut their target price on Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Mizuho upgraded Delek US from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $22.00 to $23.00 in a research report on Tuesday, May 13th. Wells Fargo & Company upped their price objective on Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a report on Wednesday, June 11th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $20.00 target price (up previously from $14.00) on shares of Delek US in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Delek US currently has an average rating of "Hold" and a consensus price target of $20.60.

Delek US Trading Down 1.0%

Shares of NYSE DK traded down $0.22 during midday trading on Friday, hitting $22.37. The stock had a trading volume of 531,842 shares, compared to its average volume of 1,594,585. Delek US Holdings, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $27.07. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.85 and a quick ratio of 0.53. The firm has a market cap of $1.36 billion, a P/E ratio of -2.02 and a beta of 0.98. The company's 50-day simple moving average is $21.62 and its 200 day simple moving average is $17.94.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing the consensus estimate of ($2.27) by ($0.05). The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. Delek US had a negative return on equity of 63.88% and a negative net margin of 6.10%. The business's revenue was down 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.41) earnings per share. Research analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's dividend payout ratio is currently -9.18%.

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.