Intech Investment Management LLC Invests $363,000 in Delek US Holdings, Inc. (NYSE:DK)

Intech Investment Management LLC bought a new stake in Delek US Holdings, Inc. (NYSE:DK) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,386 shares of the oil and gas company’s stock, valued at approximately $363,000.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Delek US by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,605 shares of the oil and gas company’s stock worth $1,279,000 after purchasing an additional 1,829 shares during the period. Harbor Capital Advisors Inc. grew its stake in Delek US by 41.7% during the second quarter. Harbor Capital Advisors Inc. now owns 48,835 shares of the oil and gas company’s stock worth $1,209,000 after buying an additional 14,367 shares during the period. SG Americas Securities LLC increased its position in shares of Delek US by 419.4% in the second quarter. SG Americas Securities LLC now owns 80,297 shares of the oil and gas company’s stock worth $1,988,000 after acquiring an additional 64,837 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Delek US by 16.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 27,944 shares of the oil and gas company’s stock worth $692,000 after purchasing an additional 4,005 shares during the period. Finally, SummerHaven Investment Management LLC lifted its stake in shares of Delek US by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after purchasing an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Trading Down 4.1 %

Shares of Delek US stock opened at $19.09 on Wednesday. The company’s fifty day moving average price is $18.17 and its two-hundred day moving average price is $21.08. The firm has a market capitalization of $1.21 billion, a PE ratio of -3.93 and a beta of 1.22. Delek US Holdings, Inc. has a 52-week low of $15.36 and a 52-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 posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the business posted $2.02 earnings per share. The company’s quarterly revenue was down 34.3% compared to the same quarter last year. On average, analysts expect that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DK. Scotiabank lowered their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. TD Cowen dropped their target price on shares of Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. StockNews.com cut shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Piper Sandler reduced their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Finally, Wells Fargo & Company lowered their target price on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, Delek US currently has an average rating of “Hold” and a consensus price target of $21.00.

About Delek US

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.