Hotchkis & Wiley Capital Management LLC Acquires Shares of 286,180 Delek US Holdings, Inc. (NYSE:DK)

Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 286,180 shares of the oil and gas company's stock, valued at approximately $5,366,000. Hotchkis & Wiley Capital Management LLC owned about 0.45% of Delek US as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DK. Rubric Capital Management LP acquired a new stake in shares of Delek US in the 3rd quarter worth approximately $37,500,000. Encompass Capital Advisors LLC acquired a new stake in Delek US in the second quarter worth approximately $22,833,000. Point72 Asset Management L.P. bought a new position in Delek US during the 2nd quarter valued at $19,806,000. International Assets Investment Management LLC increased its position in shares of Delek US by 1,753.2% during the 3rd 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 purchasing an additional 613,514 shares during the period. Finally, FMR LLC lifted its holdings in shares of Delek US by 47.3% in the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company's stock valued at $32,021,000 after buying an additional 548,777 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Delek US Stock Performance

NYSE:DK traded down $0.10 during mid-day trading on Friday, hitting $18.42. 801,894 shares of the company's stock traded hands, compared to its average volume of 1,073,807. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -3.71 and a beta of 1.22. The firm has a 50 day moving average of $18.17 and a two-hundred day moving average of $21.05. 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 12 month low of $15.36 and a 12 month high of $33.60.

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

Delek US Announces Dividend

The business 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 annualized dividend and a dividend yield of 5.54%. Delek US's dividend payout ratio is currently -20.99%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. TD Cowen decreased their price target on shares of Delek US from $19.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, August 8th. Scotiabank dropped their price target on Delek US from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 10th. Piper Sandler reduced their price objective on shares of Delek US from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, September 20th. Bank of America initiated coverage on shares of Delek US in a research report on Thursday, October 17th. They issued an "underperform" rating and a $15.00 target price on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Delek US from $21.00 to $18.00 and set an "underweight" rating for the company in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $21.00.

About Delek US

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.