Delek US Holdings, Inc. (NYSE:DK) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 76.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482,169 shares of the oil and gas company's stock after acquiring an additional 209,474 shares during the period. JPMorgan Chase & Co. owned approximately 0.76% of Delek US worth $9,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DK. Rubric Capital Management LP purchased a new position in Delek US during the third quarter valued at approximately $37,500,000. Philosophy Capital Management LLC acquired a new position in shares of Delek US in the 3rd quarter valued at $21,471,000. Encompass Capital Advisors LLC purchased a new stake in Delek US during the second quarter worth $22,833,000. Point72 Asset Management L.P. acquired a new stake in Delek US during the second quarter valued at $19,806,000. Finally, International Assets Investment Management LLC increased its holdings in Delek US by 1,753.2% in 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 in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Delek US Price Performance

Shares of DK stock traded up $0.42 during trading hours on Tuesday, reaching $19.90. The company had a trading volume of 954,169 shares, compared to its average volume of 1,189,334. Delek US Holdings, Inc. has a 12-month low of $15.36 and a 12-month high of $33.60. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -4.09 and a beta of 1.22. The stock has a fifty day moving average of $18.19 and a 200-day moving average of $19.50.

Delek US (NYSE:DK - Get Free Report) last issued 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. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $3.23 billion. During the same period in the prior year, the business earned $2.02 EPS. The firm's quarterly revenue was down 34.3% on a year-over-year basis. On average, equities analysts anticipate that Delek US Holdings, Inc. will post -4.38 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.13%. Delek US's payout ratio is -20.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, December 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 research report on Friday, September 20th. Morgan Stanley decreased their target price on Delek US from $24.00 to $22.00 and set an "underweight" rating on the stock in a research report on Monday, September 16th. Scotiabank reduced their price objective on shares of Delek US from $25.00 to $22.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. Finally, Bank of America assumed 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. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, Delek US presently has a consensus rating of "Hold" and a consensus price target of $21.00.

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.