Delek US Holdings, Inc. (NYSE:DK) Holdings Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of Delek US Holdings, Inc. (NYSE:DKFree Report) by 5.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,507,019 shares of the oil and gas company’s stock after selling 131,620 shares during the quarter. Victory Capital Management Inc.’s holdings in Delek US were worth $64,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Delek US in the 3rd quarter worth approximately $295,000. Raymond James Financial Services Advisors Inc. acquired a new position in Delek US in the third quarter worth approximately $307,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Delek US by 35.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,129 shares of the oil and gas company’s stock valued at $401,000 after buying an additional 3,711 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Delek US during the 3rd quarter valued at $30,000. Finally, Mackenzie Financial Corp boosted its stake in shares of Delek US by 18.2% during the 3rd quarter. Mackenzie Financial Corp now owns 10,173 shares of the oil and gas company’s stock worth $266,000 after acquiring an additional 1,570 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Delek US Price Performance

NYSE DK opened at $26.91 on Friday. The company has a 50 day simple moving average of $29.10 and a 200-day simple moving average of $27.44. Delek US Holdings, Inc. has a 52-week low of $19.39 and a 52-week high of $33.60. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 122.32 and a beta of 1.34. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.99 and a quick ratio of 0.63.

Delek US (NYSE:DKGet Free Report) last released its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. Equities research analysts predict that Delek US Holdings, Inc. will post 1.38 earnings per share for the current fiscal year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 17th will be given a dividend of $0.25 per share. This is a boost from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.72%. Delek US’s dividend payout ratio (DPR) is presently 445.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DK shares. StockNews.com lowered Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Wells Fargo & Company lifted their price target on Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 20th. Scotiabank upped their price objective on shares of Delek US from $25.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. TD Cowen lifted their target price on shares of Delek US from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, UBS Group boosted their price target on shares of Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.56.

Read Our Latest Stock Analysis on DK

Insider Activity at Delek US

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $28.50, for a total value of $60,505.50. Following the transaction, the chief financial officer now directly owns 18,925 shares of the company’s stock, valued at approximately $539,362.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 4,976 shares of company stock valued at $141,243. Insiders own 1.80% of the company’s stock.

Delek US Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Delek US (NYSE:DK)

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