Dimensional Fund Advisors LP Boosts Holdings in Delek US Holdings, Inc. (NYSE:DK)

Dimensional Fund Advisors LP increased its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,139,059 shares of the oil and gas company's stock after purchasing an additional 59,537 shares during the period. Dimensional Fund Advisors LP owned approximately 6.47% of Delek US worth $106,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC lifted its stake in Delek US by 1.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 31,891 shares of the oil and gas company's stock valued at $823,000 after purchasing an additional 404 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Delek US by 4.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,817 shares of the oil and gas company's stock worth $382,000 after purchasing an additional 688 shares during the period. Spirit of America Management Corp NY bought a new position in shares of Delek US during the fourth quarter worth approximately $26,000. Jump Financial LLC increased its holdings in shares of Delek US by 2.1% during the fourth quarter. Jump Financial LLC now owns 113,092 shares of the oil and gas company's stock worth $2,918,000 after purchasing an additional 2,325 shares during the period. Finally, Boston Partners increased its holdings in shares of Delek US by 0.5% during the third quarter. Boston Partners now owns 539,381 shares of the oil and gas company's stock worth $15,153,000 after purchasing an additional 2,630 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on DK shares. JPMorgan Chase & Co. lowered their target price on shares of Delek US from $26.00 to $25.00 and set an "underweight" rating on the stock in a report on Tuesday. Scotiabank raised their target price on shares of Delek US from $25.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. Citigroup assumed coverage on shares of Delek US in a research note on Wednesday, January 24th. They issued a "neutral" rating on the stock. Piper Sandler decreased their price objective on shares of Delek US from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 14th. Finally, TD Cowen decreased their price objective on shares of Delek US from $27.00 to $25.00 and set a "hold" rating on the stock in a research note on Wednesday, May 8th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Delek US presently has an average rating of "Hold" and an average target price of $28.50.

Delek US Trading Down 2.1 %

Shares of NYSE:DK traded down $0.59 during mid-day trading on Wednesday, reaching $27.54. 726,393 shares of the company's stock were exchanged, compared to its average volume of 1,021,146. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -22.21 and a beta of 1.34. The business's fifty day moving average price is $29.57 and its 200-day moving average price is $27.58. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.64 and a current ratio of 1.04. Delek US Holdings, Inc. has a twelve month low of $21.39 and a twelve month high of $33.60.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) EPS for the quarter, topping analysts' consensus estimates of ($0.56) by $0.15. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.28 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. Delek US's revenue was down 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. On average, research analysts predict that Delek US Holdings, Inc. will post 1.36 EPS for the current fiscal year.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Thursday, May 16th. This is a positive change from Delek US's previous quarterly dividend of $0.25. Delek US's payout ratio is -80.65%.

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.