Connor Clark & Lunn Investment Management Ltd. lessened its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 53.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,703 shares of the oil and gas company's stock after selling 39,403 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of Delek US worth $651,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in Delek US by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,605 shares of the oil and gas company's stock worth $1,279,000 after purchasing an additional 1,829 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Delek US by 41.7% in the second quarter. Harbor Capital Advisors Inc. now owns 48,835 shares of the oil and gas company's stock valued at $1,209,000 after purchasing an additional 14,367 shares during the last quarter. SG Americas Securities LLC increased its holdings in Delek US by 419.4% in the 2nd quarter. SG Americas Securities LLC now owns 80,297 shares of the oil and gas company's stock worth $1,988,000 after acquiring an additional 64,837 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Delek US by 16.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 27,944 shares of the oil and gas company's stock valued at $692,000 after buying an additional 4,005 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in Delek US by 1.8% in the 2nd 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 during the period. Institutional investors and hedge funds own 97.01% of the company's stock.
Delek US Trading Down 0.6 %
NYSE DK traded down $0.11 during trading on Friday, hitting $19.05. 518,560 shares of the company's stock traded hands, compared to its average volume of 1,077,360. The stock has a fifty day moving average of $18.18 and a two-hundred day moving average of $21.35. 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 12-month low of $15.36 and a 12-month high of $33.60.
Delek US (NYSE:DK - Get Free Report) last posted 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 for the quarter, compared to analyst estimates 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 for the quarter was down 34.3% compared to the same quarter last year. During the same period last year, the company earned $2.02 EPS. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post -4.41 earnings per share for the current fiscal year.
Delek US Announces Dividend
The firm also recently disclosed 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 dividend payout ratio (DPR) is currently -20.99%.
Analyst Ratings Changes
Several research analysts have commented on the company. TD Cowen cut their target price on Delek US from $19.00 to $18.00 and set a "sell" rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company decreased their price target on shares of Delek US from $21.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday, October 9th. Scotiabank dropped 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. Piper Sandler cut their price objective 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, Mizuho upgraded shares of Delek US from an "underperform" rating to a "neutral" rating and decreased their price objective for the stock from $28.00 to $26.00 in a research report on Monday, September 16th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.00.
Read Our Latest Stock Report on Delek US
About Delek US
(
Free Report)
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.
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