Raymond James Financial Inc. Invests $5.10 Million in Delek US Holdings, Inc. (NYSE:DK)

Raymond James Financial Inc. purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 275,702 shares of the oil and gas company’s stock, valued at approximately $5,100,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC boosted its position in shares of Delek US by 7.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock worth $342,000 after purchasing an additional 1,292 shares in the last quarter. KBC Group NV lifted its position in Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 1,538 shares in the last quarter. Van ECK Associates Corp lifted its position in Delek US by 17.8% in the 4th quarter. Van ECK Associates Corp now owns 14,111 shares of the oil and gas company’s stock valued at $261,000 after acquiring an additional 2,134 shares in the last quarter. Rhumbline Advisers boosted its stake in Delek US by 2.0% during the 4th quarter. Rhumbline Advisers now owns 117,170 shares of the oil and gas company’s stock valued at $2,168,000 after purchasing an additional 2,268 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Delek US by 8.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 31,856 shares of the oil and gas company’s stock worth $589,000 after purchasing an additional 2,493 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley dropped their price objective on Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Piper Sandler dropped their price target on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Mizuho cut their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised their price objective on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, Delek US currently has an average rating of “Hold” and an average target price of $20.40.

Delek US Stock Down 1.0 %

NYSE DK opened at $15.93 on Wednesday. The stock has a market cap of $995.83 million, a PE ratio of -3.28 and a beta of 1.14. Delek US Holdings, Inc. has a 12 month low of $13.40 and a 12 month high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The stock’s 50 day moving average is $17.28 and its 200 day moving average is $17.91.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s quarterly revenue was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.46) earnings per share. Research analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is -11.54%.

Insider Activity at Delek US

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the purchase, the chief financial officer now owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. The trade was a 6.04 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders acquired a total of 5,055 shares of company stock worth $70,787 in the last quarter. 1.80% of the stock is owned by company insiders.

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.