Systematic Financial Management LP boosted its position in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 13.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 831,851 shares of the oil and gas company's stock after purchasing an additional 98,312 shares during the quarter. Systematic Financial Management LP owned about 1.32% of Delek US worth $15,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Delek US by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,605 shares of the oil and gas company's stock valued at $1,279,000 after purchasing an additional 1,829 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Delek US by 419.4% during the second 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 in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Delek US by 16.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 27,944 shares of the oil and gas company's stock worth $692,000 after acquiring an additional 4,005 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of 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 valued at $813,000 after purchasing an additional 580 shares in the last quarter. Finally, Easterly Investment Partners LLC grew its holdings in shares of Delek US by 26.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company's stock valued at $11,329,000 after purchasing an additional 96,531 shares during the last quarter. 97.01% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on DK shares. Piper Sandler cut their price target on shares of Delek US from $25.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, September 20th. TD Cowen dropped their target price on Delek US from $19.00 to $18.00 and set a "sell" rating for the company in a report on Thursday, August 8th. Morgan Stanley decreased their price target on Delek US from $24.00 to $22.00 and set an "underweight" rating on the stock in a research note on Monday, September 16th. Mizuho upgraded Delek US from an "underperform" rating to a "neutral" rating and lowered their price objective for the company from $28.00 to $26.00 in a research report on Monday, September 16th. Finally, Bank of America began coverage on shares of Delek US in a research note on Thursday, October 17th. They issued an "underperform" rating and a $15.00 target price on the stock. Six research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $21.00.
Read Our Latest Report on Delek US
Delek US Stock Down 0.5 %
DK traded down $0.10 on Friday, hitting $18.42. The company had a trading volume of 801,894 shares, compared to its average volume of 1,073,807. The stock has a fifty day simple moving average of $18.16 and a 200-day simple moving average of $20.98. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The firm has a market capitalization of $1.16 billion, a P/E ratio of -3.79 and a beta of 1.22. Delek US Holdings, Inc. has a 52-week low of $15.36 and a 52-week high of $33.60.
Delek US (NYSE:DK - Get Free Report) last released its earnings results 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. The company had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm's revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.02 EPS. As a group, equities analysts expect that Delek US Holdings, Inc. will post -4.4 EPS for the current fiscal year.
Delek US Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US's dividend payout ratio (DPR) is presently -20.99%.
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.
See Also
![Institutional Ownership by Quarter for Delek US (NYSE:DK)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=DK)
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