Mercer Global Advisors Inc. ADV Makes New Investment in Delek US Holdings, Inc. (NYSE:DK)

Mercer Global Advisors Inc. ADV bought a new stake in Delek US Holdings, Inc. (NYSE:DK) during the fourth quarter, HoldingsChannel.com reports. The firm bought 28,749 shares of the oil and gas company’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DK. Freestone Grove Partners LP acquired a new stake in Delek US in the fourth quarter valued at about $209,000. Ion Asset Management Ltd. lifted its holdings in shares of Delek US by 16.5% in the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company’s stock worth $63,918,000 after acquiring an additional 488,509 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Delek US by 8.0% in the 4th quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company’s stock valued at $16,721,000 after purchasing an additional 66,815 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in shares of Delek US by 430.7% during the 4th quarter. Aquatic Capital Management LLC now owns 45,641 shares of the oil and gas company’s stock valued at $844,000 after purchasing an additional 37,041 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its holdings in shares of Delek US by 0.9% during the 4th quarter. Boothbay Fund Management LLC now owns 213,586 shares of the oil and gas company’s stock valued at $3,951,000 after purchasing an additional 1,921 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DK shares. Mizuho dropped their price objective on shares of Delek US from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Scotiabank cut their price objective on Delek US from $24.00 to $14.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group lowered their target price on Delek US from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Raymond James dropped their target price on Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their price target on Delek US from $16.00 to $11.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Delek US presently has an average rating of “Hold” and a consensus price target of $16.94.

Insider Transactions at Delek US

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired 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 directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This trade represents a 6.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders acquired 5,055 shares of company stock valued at $70,787. Corporate insiders own 1.80% of the company’s stock.

Delek US Stock Performance

Shares of DK stock opened at $16.36 on Tuesday. The stock has a market capitalization of $993.49 million, a PE ratio of -3.37 and a beta of 0.74. The business’s 50 day simple moving average is $14.13 and its 200 day simple moving average is $16.61. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. Delek US Holdings, Inc. has a one year low of $11.03 and a one year high of $28.91.

Delek US (NYSE:DK) last posted 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 net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the company posted ($0.41) earnings per share. The company’s revenue for the quarter was down 18.1% compared to the same quarter last year. As a group, research analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a yield of 6.23%. Delek US’s payout ratio is currently -9.18%.

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.