US Bancorp DE Raises Holdings in Delek US Holdings, Inc. (NYSE:DK)

US Bancorp DE increased its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 691.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,195 shares of the oil and gas company’s stock after purchasing an additional 14,149 shares during the quarter. US Bancorp DE’s holdings in Delek US were worth $304,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in DK. Sei Investments Co. boosted its stake in Delek US by 44.1% during the first quarter. Sei Investments Co. now owns 176,442 shares of the oil and gas company’s stock worth $5,424,000 after buying an additional 53,957 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Delek US during the second quarter worth $19,806,000. Easterly Investment Partners LLC boosted its stake in Delek US by 26.7% during the second quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock worth $11,329,000 after buying an additional 96,531 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Delek US by 627.2% during the first quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company’s stock worth $8,191,000 after buying an additional 229,992 shares during the last quarter. Finally, Burney Co. acquired a new position in Delek US during the second quarter worth $1,111,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Stock Up 3.6 %

Delek US stock opened at $18.95 on Thursday. Delek US Holdings, Inc. has a twelve month low of $15.36 and a twelve month high of $33.60. The stock has a 50 day moving average of $18.37 and a two-hundred day moving average of $22.00. The company has a quick ratio of 0.58, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the firm earned $2.02 EPS. The firm’s revenue for the quarter was down 34.3% on a year-over-year basis. As a group, research analysts expect that Delek US Holdings, Inc. will post -4.4 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be issued a $0.255 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.38%. Delek US’s dividend payout ratio is currently -20.99%.

Wall Street Analyst Weigh In

DK has been the topic of several recent analyst reports. StockNews.com lowered Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Piper Sandler decreased their price target 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. Wolfe Research assumed coverage on Delek US in a research note on Thursday, July 18th. They set an “underperform” rating and a $19.00 target price on the stock. Scotiabank decreased their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company decreased their target price on Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. Six analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently 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.