Loomis Sayles & Co. L P Sells 13,914 Shares of Delek US Holdings, Inc. (NYSE:DK)

Loomis Sayles & Co. L P trimmed its stake in Delek US Holdings, Inc. (NYSE:DK) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 352,350 shares of the oil and gas company’s stock after selling 13,914 shares during the quarter. Loomis Sayles & Co. L P owned 0.56% of Delek US worth $6,607,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DK. Price T Rowe Associates Inc. MD boosted its holdings in shares of Delek US by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,605 shares of the oil and gas company’s stock valued at $1,279,000 after acquiring an additional 1,829 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Delek US by 41.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 48,835 shares of the oil and gas company’s stock worth $1,209,000 after purchasing an additional 14,367 shares during the period. SG Americas Securities LLC grew its position in Delek US by 419.4% in the 2nd quarter. SG Americas Securities LLC now owns 80,297 shares of the oil and gas company’s stock worth $1,988,000 after purchasing an additional 64,837 shares during the period. Wedge Capital Management L L P NC raised its stake in Delek US by 16.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 27,944 shares of the oil and gas company’s stock valued at $692,000 after buying an additional 4,005 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of Delek US by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock valued at $813,000 after buying an additional 580 shares during the period. 97.01% of the stock is owned by institutional investors.

Delek US Stock Performance

Shares of NYSE DK opened at $19.16 on Thursday. 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 $15.36 and a 1 year high of $33.60. The firm has a fifty day moving average price of $18.21 and a 200-day moving average price of $21.37. The stock has a market cap of $1.21 billion, a PE ratio of -3.94 and a beta of 1.15.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.02 EPS. Equities analysts anticipate that Delek US Holdings, Inc. will post -4.39 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.32%. Delek US’s dividend payout ratio is presently -20.99%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and reduced their price objective for the company from $28.00 to $26.00 in a research report on Monday, September 16th. Morgan Stanley reduced their price target on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. dropped their price objective on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Piper Sandler reduced their target price on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Finally, Wells Fargo & Company decreased their price target on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.