Delek US Holdings, Inc. (NYSE:DK) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 10.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 721,790 shares of the oil and gas company's stock after purchasing an additional 68,416 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.14% of Delek US worth $13,534,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DK. SummerHaven Investment Management LLC increased 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 purchasing an additional 580 shares during the period. F M Investments LLC lifted its holdings in Delek US by 0.5% during the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company's stock valued at $3,275,000 after buying an additional 807 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in Delek US by 2.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company's stock valued at $1,247,000 after buying an additional 1,246 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Delek US by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company's stock valued at $827,000 after buying an additional 1,282 shares during the period. Finally, Wedge Capital Management L L P NC grew its stake in Delek US by 5.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company's stock worth $551,000 after acquiring an additional 1,419 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Delek US from $24.00 to $22.00 and set an "underweight" rating for the company in a research note on Monday, September 16th. Wells Fargo & Company lowered their price target on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday. StockNews.com lowered shares of Delek US from a "hold" rating to a "sell" rating in a report on Saturday, September 21st. Piper Sandler lowered their target price on Delek US from $25.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, September 20th. Finally, Bank of America started coverage on Delek US in a research report on Thursday, October 17th. They set an "underperform" rating and a $15.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $20.80.

Delek US Price Performance

Shares of Delek US stock traded down $0.08 on Monday, hitting $18.34. The company's stock had a trading volume of 499,524 shares, compared to its average volume of 1,071,192. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -3.89 and a beta of 1.22. The firm has a fifty day moving average price of $18.16 and a 200-day moving average price of $20.88. 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 Holdings, Inc. has a 1 year low of $15.36 and a 1 year high of $33.60.

Delek US (NYSE:DK - Get Free Report) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.71) by $0.26. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company's revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.02 earnings per share. As a group, sell-side analysts anticipate that Delek US Holdings, Inc. will post -4.4 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.56%. Delek US's dividend payout ratio (DPR) 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.