Victory Capital Management Inc. Increases Holdings in Delek US Holdings, Inc. (NYSE:DK)

Victory Capital Management Inc. lifted its stake in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 17.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,279,590 shares of the oil and gas company's stock after purchasing an additional 480,614 shares during the period. Victory Capital Management Inc. owned 5.08% of Delek US worth $61,492,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DK. SummerHaven Investment Management LLC grew its stake in Delek US by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company's stock valued at $813,000 after acquiring an additional 580 shares during the period. Shell Asset Management Co. grew its position in Delek US by 6.8% during the first quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company's stock worth $304,000 after buying an additional 628 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Delek US by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 11,412 shares of the oil and gas company's stock worth $351,000 after purchasing an additional 754 shares in the last quarter. F M Investments LLC lifted its stake in shares of Delek US by 0.5% in the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company's stock valued at $3,275,000 after acquiring an additional 807 shares during the last quarter. Finally, Thoroughbred Financial Services LLC lifted its stake in shares of Delek US by 2.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company's stock valued at $1,247,000 after acquiring an additional 1,246 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen lowered their price target on Delek US from $19.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, August 8th. Wolfe Research assumed coverage on Delek US in a research report on Thursday, July 18th. They set an "underperform" rating and a $19.00 price objective for the company. Bank of America assumed coverage on Delek US in a research report on Thursday, October 17th. They set an "underperform" rating and a $15.00 price objective for the company. Morgan Stanley reduced their price objective 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. Finally, Scotiabank cut their target price 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. Six research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $21.00.

Delek US Price Performance

Shares of DK stock traded down $0.23 on Friday, hitting $18.86. 314,456 shares of the company's stock were exchanged, compared to its average volume of 1,081,625. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.58. Delek US Holdings, Inc. has a 12 month low of $15.36 and a 12 month high of $33.60. The stock has a market cap of $1.19 billion, a P/E ratio of -3.94 and a beta of 1.15. The company has a 50 day moving average of $18.33 and a 200 day moving average of $21.96.

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, topping 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 business had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $3.23 billion. During the same quarter last year, the firm posted $2.02 earnings per share. The firm's revenue was down 34.3% on a year-over-year basis. On average, equities research analysts predict that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.41%. Delek US's dividend payout ratio (DPR) is -20.99%.

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.