JPMorgan Chase & Co. Has $9.04 Million Holdings in Delek US Holdings, Inc. (NYSE:DK)

JPMorgan Chase & Co. grew its stake in Delek US Holdings, Inc. (NYSE:DK) by 76.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 482,169 shares of the oil and gas company’s stock after buying an additional 209,474 shares during the period. JPMorgan Chase & Co. owned approximately 0.76% of Delek US worth $9,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. F M Investments LLC increased its stake in shares of Delek US by 0.5% in the third quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock worth $3,275,000 after purchasing an additional 807 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Delek US by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock worth $827,000 after purchasing an additional 1,282 shares during the period. Orion Portfolio Solutions LLC increased its stake in shares of Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock worth $342,000 after purchasing an additional 1,292 shares during the period. Wedge Capital Management L L P NC increased its stake in Delek US by 5.1% during the third quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company’s stock valued at $551,000 after acquiring an additional 1,419 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 1,508 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Up 3.2 %

Shares of DK opened at $19.47 on Tuesday. The company has a market capitalization of $1.23 billion, a P/E ratio of -4.01 and a beta of 1.22. 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 Holdings, Inc. has a one year low of $15.36 and a one year high of $33.60. The business’s 50 day simple moving average is $18.11 and its 200-day simple moving average is $19.53.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the business earned $2.02 EPS. Delek US’s revenue was down 34.3% compared to the same quarter last year. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post -4.38 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 5.24%. The ex-dividend date was Tuesday, November 12th. Delek US’s dividend payout ratio is -20.99%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DK shares. Scotiabank lowered their price target 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. Bank of America started coverage on Delek US in a research note on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target on the stock. Wells Fargo & Company lowered their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Morgan Stanley lowered their price objective on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, September 16th. Finally, Piper Sandler lowered 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. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.