Delek US Holdings, Inc. $DK Holdings Cut by River Road Asset Management LLC

River Road Asset Management LLC lowered its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 25.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,547,919 shares of the oil and gas company’s stock after selling 860,940 shares during the period. River Road Asset Management LLC’s holdings in Delek US were worth $75,571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Delek US by 18.4% in the first quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock worth $4,201,000 after acquiring an additional 43,379 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Delek US during the first quarter valued at $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Delek US by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Delek US by 3,979.8% in the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 19,899 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Delek US by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock valued at $2,213,000 after purchasing an additional 9,827 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Trading Down 2.0%

Shares of NYSE:DK opened at $41.50 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The stock has a market capitalization of $2.54 billion, a PE ratio of -45.60, a P/E/G ratio of 0.27 and a beta of 0.60. Delek US Holdings, Inc. has a 1 year low of $19.81 and a 1 year high of $50.33. The firm has a fifty day moving average price of $43.87 and a 200 day moving average price of $38.39.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($1.42) by $1.50. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the company earned ($2.32) earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Analysts expect that Delek US Holdings, Inc. will post 5.26 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s dividend payout ratio (DPR) is presently -112.09%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley raised their price target on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Weiss Ratings cut Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Zacks Research downgraded Delek US from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Wells Fargo & Company increased their price objective on Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Finally, Scotiabank raised shares of Delek US to a “hold” rating in a research report on Friday, March 27th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.00.

Insider Buying and Selling

In related news, Director Laurie Z. Tolson sold 4,921 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $46.30, for a total value of $227,842.30. Following the completion of the sale, the director directly owned 18,226 shares in the company, valued at approximately $843,863.80. The trade was a 21.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Reuven Spiegel sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $44.36, for a total value of $443,600.00. Following the completion of the sale, the executive vice president owned 48,372 shares of the company’s stock, valued at approximately $2,145,781.92. This trade represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 34,270 shares of company stock valued at $1,571,218 over the last 90 days. 3.56% of the stock is currently owned by insiders.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.