Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Delek US Holdings, Inc. (NYSE:DK) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 46,252 shares of the oil and gas company’s stock, valued at approximately $1,616,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Delek US by 35.1% in the third quarter. Dimensional Fund Advisors LP now owns 7,058,494 shares of the oil and gas company’s stock valued at $188,672,000 after acquiring an additional 1,833,630 shares in the last quarter. BlackRock Inc. raised its stake in Delek US by 3.1% in the fourth quarter. BlackRock Inc. now owns 5,148,200 shares of the oil and gas company’s stock valued at $179,880,000 after buying an additional 154,903 shares in the last quarter. Victory Capital Management Inc. raised its stake in Delek US by 8.8% in the third quarter. Victory Capital Management Inc. now owns 2,881,870 shares of the oil and gas company’s stock valued at $77,032,000 after buying an additional 232,100 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Delek US by 315.5% in the third quarter. Point72 Asset Management L.P. now owns 2,790,717 shares of the oil and gas company’s stock valued at $74,596,000 after buying an additional 2,119,017 shares in the last quarter. Finally, State Street Corp raised its stake in Delek US by 14.4% in the second quarter. State Street Corp now owns 2,323,003 shares of the oil and gas company’s stock valued at $61,421,000 after buying an additional 293,245 shares in the last quarter. Institutional investors and hedge funds own 90.62% of the company’s stock.
Delek US Holdings, Inc. (NYSE:DK) opened at $33.97 on Friday. The stock has a market capitalization of $2,830.00, a PE ratio of 4.07, a price-to-earnings-growth ratio of 1.47 and a beta of 1.69. Delek US Holdings, Inc. has a twelve month low of $20.65 and a twelve month high of $39.43. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60.
A number of analysts have weighed in on DK shares. Morgan Stanley upgraded Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 price target on the stock in a research note on Thursday, January 11th. Wells Fargo & Co upgraded Delek US from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Tuesday, November 14th. Raymond James Financial upgraded Delek US from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $32.00 to $35.00 in a research note on Monday, November 13th. Tudor Pickering upgraded Delek US from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $40.00 price target on shares of Delek US in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $36.36.
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Delek US Profile
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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