ARS Investment Partners LLC Purchases Shares of 10,000 Delek US Holdings, Inc. (NYSE:DK)

ARS Investment Partners LLC purchased a new position in Delek US Holdings, Inc. (NYSE:DK) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 10,000 shares of the oil and gas company’s stock, valued at approximately $185,000.

Several other institutional investors have also recently made changes to their positions in the stock. Quarry LP purchased a new stake in Delek US in the 2nd quarter worth approximately $43,000. Farther Finance Advisors LLC increased its stake in shares of Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,508 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Delek US in the second quarter worth $223,000. Capstone Investment Advisors LLC bought a new stake in shares of Delek US during the 3rd quarter valued at $193,000. Finally, MQS Management LLC purchased a new position in shares of Delek US during the 3rd quarter valued at $201,000. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Down 2.5 %

Shares of NYSE DK opened at $19.31 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 12-month low of $15.36 and a 12-month high of $33.60. The firm’s 50-day moving average price is $18.36 and its 200-day moving average price is $19.36. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -3.97 and a beta of 1.22.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.71) by $0.26. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company’s revenue for the quarter was down 34.3% on a year-over-year basis. During the same period last year, the company earned $2.02 EPS. On average, equities research analysts anticipate that Delek US Holdings, Inc. will post -5.11 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.28%. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Mizuho dropped their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Scotiabank lowered their target price on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

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.