Public Employees Retirement System of Ohio Makes New Investment in Delek US Holdings, Inc. (NYSE:DK)

Public Employees Retirement System of Ohio bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 42,140 shares of the oil and gas company's stock, valued at approximately $780,000. Public Employees Retirement System of Ohio owned 0.07% of Delek US at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DK. GTS Securities LLC purchased a new stake in shares of Delek US in the 4th quarter valued at approximately $390,000. Squarepoint Ops LLC purchased a new stake in shares of Delek US in the 4th quarter valued at approximately $856,000. Systematic Financial Management LP raised its stake in shares of Delek US by 9.9% in the 4th quarter. Systematic Financial Management LP now owns 913,890 shares of the oil and gas company's stock valued at $16,907,000 after acquiring an additional 82,039 shares during the period. Snowden Capital Advisors LLC raised its stake in shares of Delek US by 94.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 32,086 shares of the oil and gas company's stock valued at $594,000 after acquiring an additional 15,582 shares during the period. Finally, Rafferty Asset Management LLC raised its stake 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 acquiring an additional 797 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Delek US Stock Up 2.6%

NYSE DK traded up $0.48 on Thursday, hitting $19.10. 1,033,113 shares of the stock were exchanged, compared to its average volume of 1,307,500. 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 Holdings, Inc. has a fifty-two week low of $11.03 and a fifty-two week high of $25.68. The company has a market cap of $1.16 billion, a PE ratio of -3.93 and a beta of 0.74. The company has a 50-day moving average price of $15.25 and a 200-day moving average price of $16.81.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings results 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 return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm earned ($0.41) EPS. The company's revenue was down 18.1% on a year-over-year basis. Sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

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

Insider Activity

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of Delek US stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders purchased 5,055 shares of company stock worth $70,787. Corporate 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.