Delek US Holdings, Inc. (NYSE:DK) Stock Holdings Boosted by Empowered Funds LLC

Empowered Funds LLC raised its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 319,587 shares of the oil and gas company’s stock after purchasing an additional 16,214 shares during the quarter. Empowered Funds LLC’s holdings in Delek US were worth $5,992,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MQS Management LLC bought a new position in Delek US during the 3rd quarter valued at $201,000. Victory Capital Management Inc. lifted its position in shares of Delek US by 17.2% during the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock valued at $61,492,000 after acquiring an additional 480,614 shares during the last quarter. Easterly Investment Partners LLC lifted its position in shares of Delek US by 62.6% during the 3rd quarter. Easterly Investment Partners LLC now owns 744,039 shares of the oil and gas company’s stock valued at $13,951,000 after acquiring an additional 286,503 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of Delek US by 1.1% during the 3rd quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after acquiring an additional 45,949 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Delek US by 9.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 53,280 shares of the oil and gas company’s stock valued at $999,000 after acquiring an additional 4,445 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Delek US Trading Down 2.3 %

NYSE DK opened at $18.65 on Friday. Delek US Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.58 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $1.18 billion, a PE ratio of -3.84 and a beta of 1.15. The firm’s fifty day simple moving average is $18.32 and its 200-day simple moving average is $21.89.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the prior year, the business posted $2.02 earnings per share. Delek US’s revenue for the quarter was down 34.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Delek US Holdings, Inc. will post -4.4 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, September 16th. Wells Fargo & Company cut their price objective on Delek US from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, October 9th. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and reduced their target price for the company from $28.00 to $26.00 in a report on Monday, September 16th. Scotiabank reduced their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, Piper Sandler reduced their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Six investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.00.

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.