Verition Fund Management LLC Has $3.09 Million Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Verition Fund Management LLC raised its holdings in Delek US Holdings, Inc. (NYSE:DK) by 1,387.3% during the third quarter, HoldingsChannel reports. The firm owned 164,882 shares of the oil and gas company’s stock after acquiring an additional 153,796 shares during the quarter. Verition Fund Management LLC’s holdings in Delek US were worth $3,092,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DK. Quarry LP bought a new position in shares of Delek US in the 2nd quarter valued at $43,000. Farther Finance Advisors LLC lifted its stake in shares of Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 1,508 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Delek US in the 3rd quarter valued at $193,000. Bailard Inc. bought a new position in shares of Delek US in the 2nd quarter valued at $201,000. Finally, MQS Management LLC bought a new position in shares of Delek US in the 3rd quarter valued at $201,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Performance

DK stock opened at $18.94 on Thursday. The stock has a 50-day moving average price of $18.17 and a 200-day moving average price of $21.06. Delek US Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60. 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 has a market cap of $1.20 billion, a PE ratio of -3.90 and a beta of 1.22.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.71) by $0.26. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 34.3% compared to the same quarter last year. During the same period last year, the business posted $2.02 EPS. As a group, equities research analysts expect that Delek US Holdings, Inc. will post -4.4 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 5.39%. Delek US’s dividend payout ratio is presently -20.99%.

Analyst Ratings Changes

A number of research analysts have recently commented on DK shares. StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Morgan Stanley dropped their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. lowered their target price on Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Bank of America assumed coverage on Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price for the company. Finally, Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and lowered their target price for the stock from $28.00 to $26.00 in a research report on Monday, September 16th. Six investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.00.

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.