Clear Harbor Asset Management LLC Buys Shares of 49,750 Delek US Holdings, Inc. (NYSE:DK)

Clear Harbor Asset Management LLC purchased a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,750 shares of the oil and gas company’s stock, valued at approximately $920,000.

Several other institutional investors also recently modified their holdings of the stock. Quarry LP bought a new stake in Delek US during the 2nd quarter worth $43,000. Farther Finance Advisors LLC boosted its stake 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 valued at $145,000 after purchasing an additional 1,508 shares in the last quarter. ARS Investment Partners LLC bought a new stake in shares of Delek US during the fourth quarter worth about $185,000. Capstone Investment Advisors LLC acquired a new position in shares of Delek US in the third quarter valued at approximately $193,000. Finally, MQS Management LLC bought a new position in Delek US in the 3rd quarter valued at approximately $201,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Price Performance

Delek US stock opened at $19.31 on Wednesday. The stock’s 50 day moving average price is $18.36 and its two-hundred day moving average price is $19.36. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -3.97 and a beta of 1.22. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a 52-week low of $15.36 and a 52-week high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the company posted $2.02 earnings per share. The business’s quarterly revenue was down 34.3% on a year-over-year basis. On average, equities analysts predict that Delek US Holdings, Inc. will post -5.11 earnings per share for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is currently -20.99%.

Analysts Set New Price Targets

DK has been the subject of several recent research reports. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho decreased their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Bank of America initiated coverage on Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Five research analysts have rated the stock with a sell rating and seven have issued 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 $21.00.

Delek US 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.