Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in Delek US Holdings, Inc. (NYSE:DK)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,817 shares of the oil and gas company’s stock after acquiring an additional 688 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Delek US were worth $382,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of Delek US by 2,421.9% in the 4th quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock worth $24,195,000 after purchasing an additional 900,600 shares in the last quarter. River Road Asset Management LLC purchased a new stake in shares of Delek US in the 3rd quarter valued at $17,448,000. Raymond James & Associates bought a new position in shares of Delek US during the 4th quarter valued at $13,295,000. Jacobs Levy Equity Management Inc. purchased a new position in Delek US in the 3rd quarter worth $7,464,000. Finally, Jump Financial LLC bought a new stake in Delek US in the third quarter worth $3,147,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Delek US

In other news, CFO Robert G. Wright sold 2,123 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the sale, the chief financial officer now directly owns 18,925 shares of the company’s stock, valued at approximately $539,362.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 4,976 shares of company stock worth $141,243 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on DK shares. Bank of America lifted their price objective on Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. StockNews.com downgraded Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. UBS Group lifted their target price on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Mizuho upped their price target on shares of Delek US from $26.00 to $30.00 and gave the company an “underperform” rating in a report on Friday, March 22nd. Finally, Citigroup started coverage on shares of Delek US in a report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Delek US currently has an average rating of “Hold” and a consensus price target of $28.56.

Delek US Stock Up 0.7 %

Shares of Delek US stock opened at $26.91 on Friday. The company’s fifty day simple moving average is $29.13 and its two-hundred day simple moving average is $27.43. Delek US Holdings, Inc. has a 12-month low of $19.39 and a 12-month high of $33.60. The company has a current ratio of 0.99, a quick ratio of 0.63 and a debt-to-equity ratio of 2.66. The company has a market cap of $1.72 billion, a P/E ratio of 122.32 and a beta of 1.34.

Delek US (NYSE:DK) last announced its quarterly earnings results 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 company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Delek US had a net margin of 0.12% and a return on equity of 18.27%. Delek US’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. Research analysts anticipate that Delek US Holdings, Inc. will post 1.38 EPS for the current year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 1st were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, February 29th. This is a boost from Delek US’s previous quarterly dividend of $0.24. Delek US’s dividend payout ratio (DPR) is presently 445.45%.

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.