Victory Capital Management Inc. Increases Holdings in Delek US Holdings, Inc. (NYSE:DK)

Victory Capital Management Inc. grew its holdings in Delek US Holdings, Inc. (NYSE:DK) by 17.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,279,590 shares of the oil and gas company’s stock after acquiring an additional 480,614 shares during the quarter. Victory Capital Management Inc. owned about 5.08% of Delek US worth $61,492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DK. River Road Asset Management LLC increased its stake in Delek US by 1.1% in the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after purchasing an additional 45,949 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of Delek US in the 2nd quarter valued at $22,833,000. SIR Capital Management L.P. raised its stake in Delek US by 37.2% during the 2nd quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock worth $21,693,000 after acquiring an additional 237,734 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Delek US in the second quarter valued at $19,806,000. Finally, Easterly Investment Partners LLC boosted its stake in Delek US by 62.6% in the third quarter. Easterly Investment Partners LLC now owns 744,039 shares of the oil and gas company’s stock valued at $13,951,000 after acquiring an additional 286,503 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DK shares. Piper Sandler cut their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Bank of America started coverage on Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective for the company. StockNews.com lowered shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. JPMorgan Chase & Co. decreased their target price on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Finally, TD Cowen dropped their price target on Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Six research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.00.

Delek US Stock Performance

Shares of DK stock opened at $19.08 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.58 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 12-month low of $15.36 and a 12-month high of $33.60. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -3.90 and a beta of 1.15. The stock has a 50 day simple moving average of $18.35 and a 200-day simple moving average of $21.98.

Delek US (NYSE:DK) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. Delek US’s quarterly revenue was down 34.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.02 earnings per share. On average, equities analysts forecast 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 will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.35%. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

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.