Mackay Shields LLC Has $4.71 Million Holdings in Delek US Holdings Inc (NYSE:DK)

Mackay Shields LLC lowered its position in shares of Delek US Holdings Inc (NYSE:DK) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,651 shares of the oil and gas company’s stock after selling 600 shares during the quarter. Mackay Shields LLC owned 0.17% of Delek US worth $4,706,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DK. Vanguard Group Inc. increased its stake in Delek US by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,200,245 shares of the oil and gas company’s stock valued at $332,274,000 after buying an additional 171,948 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Delek US by 417.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,611,572 shares of the oil and gas company’s stock worth $186,860,000 after purchasing an additional 3,720,516 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Delek US by 143.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,234,761 shares of the oil and gas company’s stock worth $86,910,000 after purchasing an additional 1,318,067 shares during the last quarter. Northern Trust Corp increased its stake in shares of Delek US by 5.6% during the 2nd quarter. Northern Trust Corp now owns 1,970,995 shares of the oil and gas company’s stock worth $79,865,000 after purchasing an additional 104,801 shares during the last quarter. Finally, Ion Asset Management Ltd. increased its stake in shares of Delek US by 15.3% during the 2nd quarter. Ion Asset Management Ltd. now owns 1,904,807 shares of the oil and gas company’s stock worth $77,182,000 after purchasing an additional 252,702 shares during the last quarter.

Shares of NYSE DK traded down $0.03 during trading hours on Friday, hitting $38.87. 733,337 shares of the stock were exchanged, compared to its average volume of 1,312,250. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.35 and a quick ratio of 0.92. The company’s 50 day moving average is $37.43 and its 200 day moving average is $36.78. The firm has a market capitalization of $2.99 billion, a P/E ratio of 8.10 and a beta of 1.68. Delek US Holdings Inc has a one year low of $29.51 and a one year high of $44.08.

Delek US (NYSE:DK) last posted its quarterly earnings data on Monday, November 4th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.10. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.40 billion. Delek US had a net margin of 4.24% and a return on equity of 21.47%. Delek US’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.02 EPS. Research analysts anticipate that Delek US Holdings Inc will post 3.68 earnings per share for the current fiscal year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a dividend of $0.30 per share. This is an increase from Delek US’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, November 15th. Delek US’s dividend payout ratio is currently 24.17%.

Several research analysts have recently commented on DK shares. Wells Fargo & Co dropped their price target on shares of Delek US from $45.00 to $44.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 25th. Cowen lowered shares of Delek US from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. dropped their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 10th. Finally, ValuEngine upgraded shares of Delek US from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.49.

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.

Recommended Story: How to calculate the annual rate of depreciation

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

Leave a Reply

Your email address will not be published. Required fields are marked *

*