Quest Partners LLC Has $416,000 Holdings in Delek US Holdings, Inc. (NYSE:DK)

Quest Partners LLC lifted its position in Delek US Holdings, Inc. (NYSE:DK) by 279.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,163 shares of the oil and gas company’s stock after purchasing an additional 16,321 shares during the quarter. Quest Partners LLC’s holdings in Delek US were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DK. Empowered Funds LLC lifted its stake in Delek US by 5.3% during the third quarter. Empowered Funds LLC now owns 319,587 shares of the oil and gas company’s stock worth $5,992,000 after purchasing an additional 16,214 shares during the period. MQS Management LLC bought a new position in shares of Delek US during the 3rd quarter worth approximately $201,000. Victory Capital Management Inc. boosted its stake in Delek US by 17.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock valued at $61,492,000 after buying an additional 480,614 shares in the last quarter. Easterly Investment Partners LLC grew its position in Delek US by 62.6% in the third quarter. Easterly Investment Partners LLC now owns 744,039 shares of the oil and gas company’s stock valued at $13,951,000 after acquiring an additional 286,503 shares during the period. Finally, River Road Asset Management LLC raised its stake in Delek US by 1.1% during the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock worth $76,880,000 after acquiring an additional 45,949 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DK has been the topic of several recent analyst reports. StockNews.com downgraded shares of Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Scotiabank decreased their price objective on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company cut their target price on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on Delek US from $26.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Finally, Morgan Stanley cut their price objective on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, September 16th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.00.

Delek US Stock Up 1.1 %

Shares of NYSE DK opened at $18.60 on Monday. Delek US Holdings, Inc. has a 1 year low of $15.36 and a 1 year high of $33.60. The firm has a market capitalization of $1.18 billion, a PE ratio of -3.83 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The firm’s 50-day moving average is $18.24 and its 200-day moving average is $21.50.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.71) by $0.26. The business had revenue of $3.04 billion for 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 firm’s revenue was down 34.3% on a year-over-year basis. During the same period last year, the company earned $2.02 EPS. Equities analysts expect that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $0.255 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.48%. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

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.