UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,128 Shares of Delek US Holdings, Inc. (NYSE:DK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Delek US Holdings, Inc. (NYSE:DK) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,955 shares of the oil and gas company’s stock after selling 5,128 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Delek US were worth $2,718,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DK. Quarry LP acquired a new position in shares of Delek US during the 2nd quarter valued at about $43,000. Farther Finance Advisors LLC grew its holdings in Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 1,508 shares during the last quarter. Bailard Inc. bought a new position in shares of Delek US in the second quarter valued at approximately $201,000. Chesapeake Capital Corp IL bought a new position in shares of Delek US in the second quarter valued at approximately $223,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Delek US in the second quarter worth $223,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Trading Down 0.6 %

Shares of DK opened at $17.45 on Friday. The stock’s 50-day moving average price is $18.02 and its 200 day moving average price is $20.60. 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. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -3.59 and a beta of 1.22.

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

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s payout ratio is -20.99%.

Wall Street Analyst Weigh In

DK has been the topic of a number of research analyst reports. Mizuho upgraded shares of Delek US from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $28.00 to $26.00 in a research note on Monday, September 16th. StockNews.com downgraded Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. 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. Scotiabank decreased their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, Piper Sandler dropped their price target 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 analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Delek US has an average rating of “Hold” and an average price target of $21.10.

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.