Teacher Retirement System of Texas Purchases New Shares in Delek US Holdings, Inc. (NYSE:DK)

Teacher Retirement System of Texas bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 94,315 shares of the oil and gas company’s stock, valued at approximately $1,745,000. Teacher Retirement System of Texas owned approximately 0.15% of Delek US as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. KBC Group NV raised its stake in Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 1,538 shares in the last quarter. ARS Investment Partners LLC bought a new position in shares of Delek US during the fourth quarter worth approximately $185,000. Capstone Investment Advisors LLC acquired a new stake in shares of Delek US in the third quarter valued at approximately $193,000. Abel Hall LLC bought a new stake in shares of Delek US in the fourth quarter valued at approximately $196,000. Finally, XTX Topco Ltd acquired a new stake in Delek US during the third quarter worth approximately $238,000. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DK. Wells Fargo & Company lifted their price objective on Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, March 21st. Morgan Stanley cut their price objective on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. Mizuho decreased their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, Delek US currently has an average rating of “Hold” and an average price target of $20.40.

Delek US Stock Performance

Shares of Delek US stock opened at $16.08 on Friday. The company’s 50 day moving average price is $17.12 and its two-hundred day moving average price is $17.88. The firm has a market capitalization of $1.01 billion, a P/E ratio of -3.31 and a beta of 1.14. Delek US Holdings, Inc. has a fifty-two week low of $13.40 and a fifty-two week high of $33.60. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company’s revenue was down 39.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.46) EPS. On average, equities analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 6.34%. Delek US’s dividend payout ratio (DPR) is presently -11.54%.

Insider Buying and Selling

In related news, CFO Mark Wayne Hobbs bought 2,800 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $13.70 per share, with a total value of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 5,055 shares of company stock worth $70,787 in the last ninety days. Company insiders own 1.80% of the company’s stock.

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.