RR Advisors LLC bought a new stake in Delek US Holdings Inc (NYSE:DK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,000 shares of the oil and gas company’s stock, valued at approximately $1,739,000. Delek US makes up approximately 0.2% of RR Advisors LLC’s holdings, making the stock its 29th biggest holding.

Several other large investors have also made changes to their positions in the company. Virginia Retirement Systems ET AL increased its stake in shares of Delek US by 9.4% in the second quarter. Virginia Retirement Systems ET AL now owns 13,900 shares of the oil and gas company’s stock valued at $697,000 after buying an additional 1,200 shares in the last quarter. First Midwest Bank Trust Division boosted its holdings in Delek US by 13.2% in the second quarter. First Midwest Bank Trust Division now owns 11,345 shares of the oil and gas company’s stock valued at $569,000 after acquiring an additional 1,322 shares during the last quarter. Empowered Funds LLC boosted its holdings in Delek US by 6.3% in the third quarter. Empowered Funds LLC now owns 30,914 shares of the oil and gas company’s stock valued at $1,310,000 after acquiring an additional 1,820 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Delek US in the second quarter valued at about $105,000. Finally, Amalgamated Bank boosted its holdings in Delek US by 20.1% in the second quarter. Amalgamated Bank now owns 12,667 shares of the oil and gas company’s stock valued at $636,000 after acquiring an additional 2,117 shares during the last quarter.

Shares of DK opened at $39.55 on Monday. The company has a current ratio of 1.43, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96. Delek US Holdings Inc has a 1 year low of $28.76 and a 1 year high of $61.57. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 31.39, a P/E/G ratio of 0.94 and a beta of 1.37.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, November 6th. The oil and gas company reported $2.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.08 by ($0.06). Delek US had a return on equity of 17.94% and a net margin of 4.40%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.96 billion. As a group, equities analysts predict that Delek US Holdings Inc will post 4.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $1.04 dividend on an annualized basis and a yield of 2.63%. This is a boost from Delek US’s previous quarterly dividend of $0.25. Delek US’s dividend payout ratio (DPR) is 79.37%.

In other Delek US news, Director David Wiessman sold 60,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $54.10, for a total transaction of $3,246,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.

DK has been the topic of several recent research reports. ValuEngine upgraded Delek US from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Raymond James decreased their price target on Delek US from $70.00 to $60.00 and set a “strong-buy” rating on the stock in a report on Monday, September 24th. Goldman Sachs Group cut Delek US from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, October 9th. Citigroup decreased their price target on Delek US from $59.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, October 16th. Finally, Credit Suisse Group decreased their price target on Delek US from $67.00 to $59.00 and set an “outperform” rating on the stock in a report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $52.86.

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About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.

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Institutional Ownership by Quarter for Delek US (NYSE:DK)

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