BNP Paribas Financial Markets Has $3.53 Million Stock Position in Delek US Holdings, Inc. (NYSE:DK)

BNP Paribas Financial Markets lifted its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 92.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,020 shares of the oil and gas company's stock after acquiring an additional 90,230 shares during the quarter. BNP Paribas Financial Markets owned 0.30% of Delek US worth $3,525,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Delek US in the 2nd quarter valued at approximately $19,806,000. Easterly Investment Partners LLC boosted its position in shares of Delek US by 26.7% in 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 period. Burney Co. purchased a new position in shares of Delek US during the second quarter valued at $1,111,000. International Assets Investment Management LLC raised its position in Delek US by 1,753.2% during the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company's stock valued at $12,160,000 after buying an additional 613,514 shares during the period. Finally, DRW Securities LLC purchased a new stake in Delek US in the 3rd quarter worth about $1,782,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on DK shares. Piper Sandler lowered their target price 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. StockNews.com downgraded shares of Delek US from a "hold" rating to a "sell" rating in a research report on Saturday, September 21st. Wells Fargo & Company cut their target price on shares of Delek US from $21.00 to $18.00 and set an "underweight" rating for the company in a research report on Wednesday, October 9th. TD Cowen lowered their price target on shares of Delek US from $19.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, August 8th. Finally, Scotiabank cut their price objective on Delek US from $25.00 to $22.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Six investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Delek US currently has a consensus rating of "Hold" and an average price target of $21.00.

Delek US Stock Down 2.2 %

NYSE DK traded down $0.41 during trading on Thursday, hitting $18.52. 733,100 shares of the company traded hands, compared to its average volume of 1,074,964. The company has a market capitalization of $1.17 billion, a P/E ratio of -3.81 and a beta of 1.22. The business has a fifty day simple moving average of $18.17 and a 200 day simple moving average of $21.05. Delek US Holdings, Inc. has a 12 month low of $15.36 and a 12 month high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the business earned $2.02 EPS. The firm'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 -4.4 EPS for the current year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $0.255 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.51%. Delek US's payout ratio is presently -20.99%.

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.