Raymond James & Associates Makes New $13.30 Million Investment in Delek US Holdings, Inc. (NYSE:DK)

Raymond James & Associates purchased a new position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 515,324 shares of the oil and gas company's stock, valued at approximately $13,295,000. Raymond James & Associates owned 0.81% of Delek US at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFP Advisors Inc purchased a new stake in shares of Delek US during the third quarter worth approximately $28,000. Comerica Bank purchased a new stake in shares of Delek US during the third quarter worth approximately $29,000. BluePath Capital Management LLC purchased a new stake in shares of Delek US during the third quarter worth approximately $30,000. Advisor Group Holdings Inc. increased its stake in shares of Delek US by 44.3% during the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company's stock worth $33,000 after buying an additional 486 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Delek US by 61.3% during the first quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company's stock worth $44,000 after buying an additional 793 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Robert G. Wright sold 2,123 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $28.50, for a total value of $60,505.50. Following the completion of the transaction, the chief financial officer now owns 18,925 shares in the company, valued at $539,362.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 4,976 shares of company stock worth $135,738. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DK shares. Wells Fargo & Company upped their price target on Delek US from $21.00 to $26.00 and gave the company an "underweight" rating in a report on Wednesday, March 20th. Bank of America upped their price target on Delek US from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, March 15th. UBS Group upped their price target on Delek US from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday. StockNews.com downgraded Delek US from a "buy" rating to a "hold" rating in a report on Thursday, February 29th. Finally, TD Cowen upped their price target on Delek US from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $28.75.

Delek US Stock Performance

Shares of DK stock traded up $0.63 during trading hours on Thursday, hitting $32.81. The stock had a trading volume of 1,401,135 shares, compared to its average volume of 1,054,908. The firm has a market capitalization of $2.10 billion, a PE ratio of 149.09 and a beta of 1.32. Delek US Holdings, Inc. has a twelve month low of $19.39 and a twelve month high of $33.18. The stock's 50 day moving average is $28.03 and its 200 day moving average is $27.05. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.99 and a quick ratio of 0.63.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.28) by ($0.18). The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $3.55 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. The company's revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. As a group, research analysts forecast that Delek US Holdings, Inc. will post 1.43 earnings per share for the current fiscal year.

Delek US Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 1st were given a $0.245 dividend. This is a boost from Delek US's previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 29th. This represents a $0.98 annualized dividend and a yield of 2.99%. Delek US's dividend payout ratio is presently 445.45%.

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.