Versor Investments LP Makes New $686,000 Investment in Delek US Holdings, Inc. (NYSE:DK)

Versor Investments LP bought a new position in Delek US Holdings, Inc. (NYSE:DK) during the 4th quarter, Holdings Channel.com reports. The fund bought 37,100 shares of the oil and gas company’s stock, valued at approximately $686,000.

Several other institutional investors and hedge funds have also bought and sold shares of DK. KBC Group NV lifted its position in shares of Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 1,538 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 1,508 shares in the last quarter. ARS Investment Partners LLC purchased a new position in shares of Delek US during the 4th quarter valued at about $185,000. Capstone Investment Advisors LLC purchased a new position in shares of Delek US during the 3rd quarter valued at about $193,000. Finally, Abel Hall LLC purchased a new position in shares of Delek US during the 4th quarter valued at about $196,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DK has been the topic of a number of analyst reports. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price target on Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Mizuho lowered their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.90.

Delek US Stock Performance

NYSE DK opened at $16.31 on Friday. The company has a market cap of $1.03 billion, a P/E ratio of -3.36 and a beta of 1.20. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The business’s 50 day moving average price is $18.16 and its 200-day moving average price is $18.54. Delek US Holdings, Inc. has a fifty-two week low of $15.02 and a fifty-two week high of $33.60.

Delek US (NYSE:DK) last released its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.46) EPS. Sell-side analysts predict 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 will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Monday, March 3rd. Delek US’s dividend payout ratio is currently -11.54%.

About Delek US

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.