Manning & Napier Advisors LLC Invests $4.14 Million in Delek US Holdings, Inc. (NYSE:DK)

Manning & Napier Advisors LLC bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 275,000 shares of the oil and gas company's stock, valued at approximately $4,144,000. Manning & Napier Advisors LLC owned 0.44% of Delek US as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DK. Sterling Capital Management LLC raised its position in shares of Delek US by 728.3% in the 4th 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. GAMMA Investing LLC lifted its position in Delek US by 907.0% during the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after acquiring an additional 3,746 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Delek US by 77.4% in the first quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company's stock valued at $110,000 after acquiring an additional 3,105 shares in the last quarter. Net Worth Advisory Group purchased a new position in Delek US in the first quarter worth $159,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Delek US during the fourth quarter worth $209,000. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

DK has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 11th. Raymond James Financial lowered their price target 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 upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $22.00 to $23.00 in a report on Tuesday, May 13th. UBS Group decreased their price objective on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Finally, Scotiabank dropped their target price on shares of 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. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.60.

Delek US Stock Performance

NYSE DK traded up $0.31 during trading hours on Thursday, reaching $21.10. The stock had a trading volume of 952,943 shares, compared to its average volume of 1,363,766. Delek US Holdings, Inc. has a 52-week low of $11.03 and a 52-week high of $25.68. The stock has a fifty day moving average of $17.56 and a 200 day moving average of $17.00. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.53 and a current ratio of 0.85. The stock has a market cap of $1.28 billion, a P/E ratio of -1.90 and a beta of 0.96.

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

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's payout ratio is -9.18%.

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.