Easterly Investment Partners LLC Grows Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Easterly Investment Partners LLC grew its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 62.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 744,039 shares of the oil and gas company’s stock after acquiring an additional 286,503 shares during the period. Delek US makes up approximately 1.1% of Easterly Investment Partners LLC’s portfolio, making the stock its 21st largest holding. Easterly Investment Partners LLC’s holdings in Delek US were worth $13,951,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Heartland Advisors Inc. purchased a new position in shares of Delek US during the first quarter valued at approximately $1,537,000. Sei Investments Co. lifted its holdings in shares of Delek US by 44.1% during the first quarter. Sei Investments Co. now owns 176,442 shares of the oil and gas company’s stock valued at $5,424,000 after purchasing an additional 53,957 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Delek US during the second quarter valued at approximately $19,806,000. Acadian Asset Management LLC lifted its holdings in shares of Delek US by 627.2% during the first quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company’s stock valued at $8,191,000 after purchasing an additional 229,992 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Delek US during the first quarter valued at approximately $1,502,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Stock Performance

Shares of Delek US stock traded up $0.14 on Friday, hitting $17.78. 465,652 shares of the company’s stock were exchanged, compared to its average volume of 1,072,987. The company has a 50-day simple moving average of $18.51 and a 200-day simple moving average of $22.34. The stock has a market capitalization of $1.15 billion, a PE ratio of -10.46 and a beta of 1.15. Delek US Holdings, Inc. has a 1 year low of $15.36 and a 1 year high of $33.60. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping the consensus estimate of ($1.71) by $0.26. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The company’s revenue was down 34.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.02 EPS. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post -4.66 EPS for the current year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Tuesday, November 12th. Delek US’s dividend payout ratio is presently -60.36%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DK shares. Bank of America started coverage on shares of Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target for the company. StockNews.com downgraded shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. TD Cowen reduced their price target on shares of Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Piper Sandler reduced their price target on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.00.

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.