Public Employees Retirement System of Ohio Makes New $780,000 Investment in Delek US Holdings, Inc. (NYSE:DK)

Public Employees Retirement System of Ohio purchased a new position in Delek US Holdings, Inc. (NYSE:DK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 42,140 shares of the oil and gas company's stock, valued at approximately $780,000. Public Employees Retirement System of Ohio owned about 0.07% of Delek US as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ion Asset Management Ltd. increased its position in shares of Delek US by 16.5% during the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock valued at $63,918,000 after acquiring an additional 488,509 shares in the last quarter. Barclays PLC lifted its holdings in Delek US by 23.1% during the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock valued at $34,078,000 after purchasing an additional 345,210 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Delek US by 21.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company's stock worth $18,598,000 after buying an additional 180,498 shares in the last quarter. Systematic Financial Management LP raised its stake in Delek US by 9.9% during 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 purchasing an additional 82,039 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Delek US by 8.0% in the fourth quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company's stock worth $16,721,000 after buying an additional 66,815 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 5,055 shares of company stock valued at $70,787 in the last quarter. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DK. Morgan Stanley lifted their price target on Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Monday, May 19th. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $22.00 to $23.00 in a report on Tuesday, May 13th. Wells Fargo & Company reduced their price target on Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Raymond James decreased their target price on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, UBS Group dropped their price target 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. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.27.

Delek US Price Performance

Shares of DK traded up $0.03 during trading hours on Friday, reaching $19.15. The company had a trading volume of 942,657 shares, compared to its average volume of 1,313,184. The firm has a 50 day simple moving average of $15.40 and a 200-day simple moving average of $16.82. Delek US Holdings, Inc. has a 12-month low of $11.03 and a 12-month high of $25.68. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -3.94 and a beta of 0.96.

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 (EPS) 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 during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the business posted ($0.41) earnings per share. The firm's quarterly revenue was down 18.1% on a year-over-year basis. Research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's 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.