River Road Asset Management LLC Sells 255,044 Shares of Delek US Holdings, Inc. (NYSE:DK)

River Road Asset Management LLC reduced its holdings in Delek US Holdings, Inc. (NYSE:DK) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,845,224 shares of the oil and gas company’s stock after selling 255,044 shares during the quarter. River Road Asset Management LLC owned 6.09% of Delek US worth $71,137,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. KBC Group NV raised its holdings in Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after buying an additional 1,538 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 1,508 shares during the period. ARS Investment Partners LLC acquired a new stake in shares of Delek US during the fourth quarter worth $185,000. Capstone Investment Advisors LLC acquired a new stake in shares of Delek US during the third quarter worth $193,000. Finally, Abel Hall LLC acquired a new stake in shares of Delek US in the 4th quarter valued at about $196,000. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DK has been the topic of several recent research reports. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Piper Sandler dropped their target price on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Mizuho lowered their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Wells Fargo & Company lowered their price objective on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.70.

Delek US Price Performance

Shares of DK opened at $13.58 on Tuesday. The company has a market cap of $848.61 million, a price-to-earnings ratio of -2.79 and a beta of 1.14. The company’s fifty day simple moving average is $17.91 and its 200 day simple moving average is $18.24. Delek US Holdings, Inc. has a 1-year low of $13.41 and a 1-year 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.

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

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date was Monday, March 3rd. Delek US’s payout ratio is presently -11.54%.

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.