Connor Clark & Lunn Investment Management Ltd. Has $651,000 Position in Delek US Holdings, Inc. (NYSE:DK)

Connor Clark & Lunn Investment Management Ltd. lessened its position in Delek US Holdings, Inc. (NYSE:DK) by 53.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,703 shares of the oil and gas company’s stock after selling 39,403 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of Delek US worth $651,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. River Road Asset Management LLC boosted its position in Delek US by 1.1% in the third 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 buying an additional 45,949 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Delek US by 17.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after acquiring an additional 480,614 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in Delek US during the 2nd quarter worth approximately $22,833,000. SIR Capital Management L.P. increased its holdings in Delek US by 37.2% during the 2nd quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock valued at $21,693,000 after purchasing an additional 237,734 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Delek US in the 2nd quarter valued at $19,806,000. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

DK has been the topic of several research analyst reports. Scotiabank decreased their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. TD Cowen lowered their price objective on shares of Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Bank of America began coverage on shares of Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price on the stock. Wells Fargo & Company lowered their price target on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, October 9th. Finally, Piper Sandler decreased their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Six investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Delek US Stock Down 1.1 %

Shares of Delek US stock opened at $19.16 on Friday. The business has a fifty day simple moving average of $18.18 and a 200 day simple moving average of $21.35. The stock has a market cap of $1.21 billion, a PE ratio of -3.94 and a beta of 1.15. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 12 month low of $15.36 and a 12 month high of $33.60.

Delek US (NYSE:DK) last announced its quarterly 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. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the prior year, the business posted $2.02 EPS. Delek US’s revenue was down 34.3% on a year-over-year basis. Research analysts predict that Delek US Holdings, Inc. will post -4.39 EPS for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $0.255 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.32%. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Delek US 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.