River Road Asset Management LLC Has $96.68 Million Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

River Road Asset Management LLC increased its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 510.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,747,111 shares of the oil and gas company’s stock after purchasing an additional 3,132,971 shares during the quarter. Delek US makes up about 1.3% of River Road Asset Management LLC’s portfolio, making the stock its 22nd largest holding. River Road Asset Management LLC owned about 5.86% of Delek US worth $96,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates bought a new stake in Delek US during the 4th quarter worth approximately $13,295,000. PNC Financial Services Group Inc. boosted its stake in shares of Delek US by 129.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,992 shares of the oil and gas company’s stock valued at $398,000 after purchasing an additional 7,892 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Delek US in the 3rd quarter valued at $295,000. Diversified Trust Co bought a new stake in shares of Delek US in the 4th quarter valued at $241,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Delek US by 34.7% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 201,982 shares of the oil and gas company’s stock valued at $5,738,000 after purchasing an additional 51,982 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Delek US Stock Performance

NYSE DK traded down $0.40 during trading hours on Wednesday, reaching $30.10. 637,028 shares of the company were exchanged, compared to its average volume of 1,040,716. Delek US Holdings, Inc. has a 1 year low of $19.39 and a 1 year high of $33.60. The business’s 50 day simple moving average is $28.92 and its 200-day simple moving average is $27.19. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $1.93 billion, a P/E ratio of 138.64 and a beta of 1.32.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). Delek US had a return on equity of 18.27% and a net margin of 0.12%. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter last year, the business posted $0.88 EPS. The business’s quarterly revenue was down 9.6% on a year-over-year basis. On average, equities research analysts expect that Delek US Holdings, Inc. will post 1.19 earnings per share for the current year.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 1st were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Thursday, February 29th. This is a positive change from Delek US’s previous quarterly dividend of $0.24. Delek US’s dividend payout ratio (DPR) is currently 445.45%.

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total transaction of $60,505.50. Following the completion of the transaction, the chief financial officer now owns 18,925 shares in the company, valued at $539,362.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 4,976 shares of company stock worth $141,243 over the last quarter. 0.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DK shares. Wells Fargo & Company upped their price objective on shares of Delek US from $21.00 to $26.00 and gave the company an “underweight” rating in a research note on Wednesday, March 20th. Scotiabank increased their target price on shares of Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. StockNews.com downgraded shares of Delek US from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Mizuho upped their price objective on shares of Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a report on Friday, March 22nd. Finally, UBS Group upped their price objective on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.56.

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.