Fisher Asset Management LLC Sells 220,890 Shares of Delek US Holdings, Inc. (NYSE:DK)

Fisher Asset Management LLC reduced its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,799,871 shares of the oil and gas company's stock after selling 220,890 shares during the quarter. Fisher Asset Management LLC owned approximately 2.82% of Delek US worth $46,437,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DK. Raymond James & Associates bought a new position in shares of Delek US during the fourth quarter worth about $13,295,000. PNC Financial Services Group Inc. lifted its position in shares of Delek US by 129.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,992 shares of the oil and gas company's stock worth $398,000 after purchasing an additional 7,892 shares during the period. SG Americas Securities LLC bought a new stake in shares of Delek US in the 3rd quarter valued at $295,000. Diversified Trust Co bought a new stake in shares of Delek US in the 4th quarter valued at $241,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Delek US by 34.7% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 201,982 shares of the oil and gas company's stock worth $5,738,000 after buying an additional 51,982 shares during the period. Institutional investors own 97.01% of the company's stock.

Insider Transactions at Delek US

In other Delek US 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 transaction of $60,505.50. Following the transaction, the chief financial officer now directly owns 18,925 shares in the company, valued at approximately $539,362.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 4,976 shares of company stock valued at $141,243 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Delek US Stock Up 0.7 %

NYSE DK traded up $0.20 during mid-day trading on Friday, hitting $26.91. The company's stock had a trading volume of 733,707 shares, compared to its average volume of 890,038. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 122.32 and a beta of 1.34. The company's 50 day simple moving average is $29.10 and its 200 day simple moving average is $27.44. The company has a current ratio of 0.99, a quick ratio of 0.63 and a debt-to-equity ratio of 2.66. Delek US Holdings, Inc. has a twelve month low of $19.39 and a twelve month high of $33.60.

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 for the quarter, missing analysts' consensus estimates of ($1.28) by ($0.18). Delek US had a net margin of 0.12% and a return on equity of 18.27%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the business posted $0.88 earnings per share. The firm's quarterly revenue was down 9.6% on a year-over-year basis. Analysts anticipate that Delek US Holdings, Inc. will post 1.38 earnings per share for the current year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.25 per share. This is a positive change from Delek US's previous quarterly dividend of $0.25. This represents a $1.00 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Thursday, May 16th. Delek US's payout ratio is currently 445.45%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group upped their price target on shares of Delek US from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, April 4th. Citigroup began coverage on Delek US in a research note on Wednesday, January 24th. They set a "neutral" rating for the company. Mizuho lifted their target price on Delek US from $26.00 to $30.00 and gave the stock an "underperform" rating in a report on Friday, March 22nd. Scotiabank increased their price target on Delek US from $25.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Delek US from $21.00 to $26.00 and gave the company an "underweight" rating in a research note on Wednesday, March 20th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Delek US presently has a consensus rating of "Hold" and an average target price of $28.56.

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.