Wedge Capital Management L L P NC Boosts Position in Delek US Holdings, Inc. (NYSE:DK)

Wedge Capital Management L L P NC grew its holdings in Delek US Holdings, Inc. (NYSE:DK) by 15.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,666 shares of the oil and gas company’s stock after acquiring an additional 4,810 shares during the period. Wedge Capital Management L L P NC owned about 0.06% of Delek US worth $553,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in Delek US by 1,199.2% during the fourth quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company’s stock worth $16,100,000 after buying an additional 803,274 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Delek US during the 4th quarter worth about $13,680,000. Ion Asset Management Ltd. grew its position in shares of Delek US by 16.5% during the 4th quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company’s stock valued at $63,918,000 after acquiring an additional 488,509 shares during the period. Norges Bank purchased a new position in shares of Delek US in the 4th quarter valued at about $6,815,000. Finally, Barclays PLC increased its stake in shares of Delek US by 23.1% in the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company’s stock valued at $34,078,000 after purchasing an additional 345,210 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Trading Up 3.8%

NYSE DK opened at $20.35 on Thursday. 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 firm has a market cap of $1.24 billion, a price-to-earnings ratio of -4.19 and a beta of 0.96. The firm has a 50 day simple moving average of $15.77 and a 200-day simple moving average of $16.85. Delek US Holdings, Inc. has a one year low of $11.03 and a one year high of $25.68.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing analysts’ consensus estimates of ($2.27) by ($0.05). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm posted ($0.41) earnings per share. The business’s quarterly revenue was down 18.1% compared to the same quarter last year. Equities research analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a dividend of $0.255 per share. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.01%. Delek US’s dividend payout ratio is presently -9.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DK. UBS Group dropped their target price on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Raymond James cut their price objective on Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group raised their target price on Delek US from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Mizuho raised Delek US from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $22.00 to $23.00 in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company raised their price objective on Delek US from $11.00 to $15.00 and gave the company an “underweight” rating in a report on Wednesday. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.60.

Delek US 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.