MQS Management LLC Invests $201,000 in Delek US Holdings, Inc. (NYSE:DK)

MQS Management LLC purchased a new position in shares of Delek US Holdings, Inc. (NYSE:DK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,697 shares of the oil and gas company’s stock, valued at approximately $201,000.

A number of other large investors have also recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Delek US in the 2nd quarter worth $43,000. Farther Finance Advisors LLC raised its position in Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 1,508 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Delek US in the first quarter valued at about $172,000. Bailard Inc. purchased a new position in Delek US in the second quarter valued at about $201,000. Finally, Chesapeake Capital Corp IL purchased a new position in Delek US in the second quarter valued at about $223,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

DK has been the topic of several research reports. StockNews.com lowered Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Morgan Stanley lowered their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, September 16th. TD Cowen lowered their target price on Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company lowered their target price on Delek US from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Finally, Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $28.00 to $26.00 in a research note on Monday, September 16th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Delek US Stock Performance

Shares of DK stock opened at $18.65 on Friday. The business has a 50 day moving average of $18.33 and a two-hundred day moving average of $21.96. The company has a market cap of $1.18 billion, a P/E ratio of -3.94 and a beta of 1.15. The company has a quick ratio of 0.58, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 52 week low of $15.36 and a 52 week high of $33.60.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.02 earnings per share. As a group, analysts anticipate that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.47%. Delek US’s payout ratio is -20.99%.

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.