Charles Schwab Investment Management Inc. Has $14.19 Million Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Charles Schwab Investment Management Inc. increased its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 766,807 shares of the oil and gas company's stock after buying an additional 45,017 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.21% of Delek US worth $14,186,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rubric Capital Management LP acquired a new stake in Delek US during the 3rd quarter valued at $37,500,000. Philosophy Capital Management LLC acquired a new stake in Delek US during the 3rd quarter valued at approximately $21,471,000. FMR LLC increased its holdings in Delek US by 47.3% during the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company's stock worth $32,021,000 after purchasing an additional 548,777 shares during the last quarter. Barclays PLC raised its position in shares of Delek US by 51.5% in the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock valued at $28,065,000 after purchasing an additional 508,719 shares in the last quarter. Finally, Clifford Capital Partners LLC purchased a new position in shares of Delek US during the 3rd quarter valued at approximately $7,504,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Stock Performance

DK traded down $0.83 during trading hours on Monday, hitting $16.11. The company's stock had a trading volume of 1,083,236 shares, compared to its average volume of 1,139,087. 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 Holdings, Inc. has a fifty-two week low of $13.40 and a fifty-two week high of $33.60. The company has a 50-day simple moving average of $17.43 and a 200 day simple moving average of $17.96. The firm has a market capitalization of $1.01 billion, a PE ratio of -3.31 and a beta of 1.14.

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Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the company earned ($1.46) EPS. The business's revenue for the quarter was down 39.8% compared to the same quarter last year. As a group, sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a dividend of $0.255 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.02 annualized dividend and a yield of 6.33%. Delek US's payout ratio is -11.54%.

Analysts Set New Price Targets

A number of research firms have commented on DK. Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Mizuho lowered their price target on Delek US from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Wells Fargo & Company boosted their target price on shares of Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Friday. Finally, Piper Sandler lowered their price objective on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $20.40.

Insiders Place Their Bets

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $13.70 per share, with a total value of $38,360.00. Following the purchase, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders bought 5,055 shares of company stock worth $70,787 over the last ninety days. Company insiders own 1.80% of the company's stock.

Delek US Company 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.