Keybank National Association OH Cuts Stock Position in Delek US Holdings, Inc. (NYSE:DK)

Keybank National Association OH lessened its holdings in Delek US Holdings, Inc. (NYSE:DK) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,700 shares of the oil and gas company’s stock after selling 1,150 shares during the period. Keybank National Association OH’s holdings in Delek US were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DK. Rubric Capital Management LP purchased a new stake in Delek US in the 3rd quarter worth $37,500,000. Philosophy Capital Management LLC bought a new position in shares of Delek US during the 3rd quarter valued at about $21,471,000. FMR LLC boosted its holdings in shares of Delek US by 47.3% during the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after purchasing an additional 548,777 shares during the last quarter. Barclays PLC boosted its holdings in shares of Delek US by 51.5% during the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock valued at $28,065,000 after purchasing an additional 508,719 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings 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 purchasing an additional 480,614 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DK. Piper Sandler dropped their price objective on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday. Mizuho lowered their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. increased their price target on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Wells Fargo & Company lowered their price target on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, February 26th. Finally, Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.70.

Delek US Stock Performance

Delek US stock opened at $13.58 on Tuesday. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. Delek US Holdings, Inc. has a 1-year low of $13.41 and a 1-year high of $33.60. The firm has a market capitalization of $848.61 million, a P/E ratio of -2.79 and a beta of 1.14. The company’s 50-day moving average is $17.91 and its 200 day moving average is $18.24.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period last year, the company earned ($1.46) earnings per share. Research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is presently -11.54%.

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.