Delek US Holdings, Inc. (NYSE:DK) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. decreased its position in Delek US Holdings, Inc. (NYSE:DK) by 5.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,905 shares of the oil and gas company’s stock after selling 539 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Delek US were worth $186,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DK. River Road Asset Management LLC increased its stake in shares of 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 worth $76,880,000 after buying an additional 45,949 shares during the last quarter. Victory Capital Management Inc. raised its position in Delek US by 17.2% in the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after acquiring an additional 480,614 shares in the last quarter. Rubric Capital Management LP bought a new stake in shares of Delek US during the 3rd quarter worth $37,500,000. FMR LLC increased its position in shares of Delek US by 47.3% in the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after acquiring an additional 548,777 shares in the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in Delek US during the second quarter valued at $22,833,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Trading Down 0.6 %

Shares of DK stock opened at $19.05 on Friday. The company has a market cap of $1.20 billion, a P/E ratio of -3.92 and a beta of 1.15. Delek US Holdings, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $33.60. The stock has a 50 day simple moving average of $18.17 and a two-hundred day simple moving average of $21.25. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

Delek US (NYSE:DK) last announced 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. The business 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 revenue was down 34.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.02 earnings per share. Research analysts forecast that Delek US Holdings, Inc. will post -4.41 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 5.35%. The ex-dividend date was Tuesday, November 12th. Delek US’s payout ratio is -20.99%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Mizuho raised shares of Delek US from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $28.00 to $26.00 in a research report on Monday, September 16th. StockNews.com lowered shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Bank of America assumed coverage on Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price objective on the stock. Scotiabank decreased 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. Finally, Piper Sandler decreased their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company presently 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.