Charles Schwab Investment Management Inc. Increases Position in Delek US Holdings, Inc. (NYSE:DK)

Charles Schwab Investment Management Inc. raised its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 721,790 shares of the oil and gas company’s stock after buying an additional 68,416 shares during the period. Charles Schwab Investment Management Inc. owned about 1.14% of Delek US worth $13,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. River Road Asset Management LLC increased its stake in Delek US by 1.1% during the 3rd quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock worth $76,880,000 after buying an additional 45,949 shares during the period. Victory Capital Management Inc. grew its stake in Delek US by 17.2% during the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after purchasing an additional 480,614 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in Delek US during the 2nd quarter worth about $22,833,000. SIR Capital Management L.P. raised its position in Delek US by 37.2% in the 2nd quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock valued at $21,693,000 after purchasing an additional 237,734 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Delek US in the 2nd quarter valued at about $19,806,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Trading Down 0.5 %

NYSE:DK opened at $18.42 on Monday. Delek US Holdings, Inc. has a 12-month low of $15.36 and a 12-month 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 stock’s 50 day simple moving average is $18.16 and its 200-day simple moving average is $20.88. The firm has a market cap of $1.16 billion, a P/E ratio of -3.79 and a beta of 1.22.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business’s revenue was down 34.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.02 earnings per share. Equities analysts anticipate that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.54%. Delek US’s payout ratio is currently -20.99%.

Analyst Upgrades and Downgrades

DK has been the topic of a number of recent research reports. StockNews.com lowered shares of Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Wells Fargo & Company dropped their price objective on Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. Bank of America began coverage on shares of Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price target on the stock. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $28.00 to $26.00 in a research report on Monday, September 16th. Finally, Scotiabank cut their price target on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Six analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, Delek US has an average rating of “Hold” and a consensus price target 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.