Victory Capital Management Inc. Has $53.07 Million Holdings in Delek US Holdings, Inc. (NYSE:DK)

Victory Capital Management Inc. decreased its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,868,610 shares of the oil and gas company's stock after selling 410,980 shares during the quarter. Victory Capital Management Inc. owned 4.54% of Delek US worth $53,069,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DK. Orion Portfolio Solutions LLC increased its stake in Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company's stock valued at $342,000 after acquiring an additional 1,292 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company's stock worth $145,000 after buying an additional 1,508 shares during the period. KBC Group NV grew its position in Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after acquiring an additional 1,538 shares during the period. Van ECK Associates Corp raised its stake in Delek US by 17.8% during the fourth quarter. Van ECK Associates Corp now owns 14,111 shares of the oil and gas company's stock worth $261,000 after acquiring an additional 2,134 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Delek US by 2.0% during the fourth quarter. Rhumbline Advisers now owns 117,170 shares of the oil and gas company's stock valued at $2,168,000 after acquiring an additional 2,268 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DK. Wells Fargo & Company cut their price target on shares of Delek US from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Wednesday, February 26th. Mizuho dropped their price target on Delek US from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Piper Sandler lowered their target price on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday. Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, Delek US presently has a consensus rating of "Hold" and a consensus target price of $20.70.

Delek US Trading Up 2.1 %

Shares of Delek US stock traded up $0.29 during trading on Tuesday, reaching $13.82. 1,484,705 shares of the company were exchanged, compared to its average volume of 1,131,284. Delek US Holdings, Inc. has a twelve month low of $13.40 and a twelve month high of $33.60. The business has a 50-day moving average price of $17.91 and a 200-day moving average price of $18.24. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm has a market capitalization of $863.62 million, a price-to-earnings ratio of -2.84 and a beta of 1.14.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the company earned ($1.46) earnings per share. The business's revenue was down 39.8% compared to the same quarter last year. Sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 7.38%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US's dividend payout ratio (DPR) is -11.54%.

Delek US Company 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.