Y Intercept Hong Kong Ltd Purchases 23,298 Shares of Delek US Holdings, Inc. (NYSE:DK)

Y Intercept Hong Kong Ltd lifted its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 123.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 42,125 shares of the oil and gas company’s stock after acquiring an additional 23,298 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Delek US were worth $790,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. SummerHaven Investment Management LLC raised its stake in Delek US by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after buying an additional 580 shares in the last quarter. F M Investments LLC raised its position in shares of Delek US by 0.5% in the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock worth $3,275,000 after acquiring an additional 807 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in shares of Delek US by 2.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock worth $1,247,000 after acquiring an additional 1,246 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Delek US by 4.0% during the 2nd 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 last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in Delek US by 7.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock valued at $342,000 after purchasing an additional 1,292 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Stock Down 0.6 %

NYSE:DK opened at $17.46 on Friday. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company’s fifty day moving average price is $18.08 and its 200-day moving average price is $20.71. Delek US Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60. The firm has a market capitalization of $1.10 billion, a P/E ratio of -3.59 and a beta of 1.22.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating 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 business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the business posted $2.02 EPS. The company’s revenue was down 34.3% on a year-over-year basis. As a group, equities research analysts anticipate that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Announces Dividend

The business 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 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s payout ratio is presently -20.99%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler decreased their price target on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Bank of America assumed coverage on shares of Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price for the company. Mizuho raised shares of Delek US from an “underperform” rating to a “neutral” rating and cut their price target for the stock from $28.00 to $26.00 in a report on Monday, September 16th. JPMorgan Chase & Co. increased their price objective on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company dropped their target price 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. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.10.

Delek US 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.