Capstone Investment Advisors LLC Acquires New Holdings in Delek US Holdings, Inc. (NYSE:DK)

Capstone Investment Advisors LLC bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,290 shares of the oil and gas company’s stock, valued at approximately $193,000.

Several other hedge funds also recently bought and sold shares of DK. Price T Rowe Associates Inc. MD boosted its position in shares of Delek US by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,605 shares of the oil and gas company’s stock worth $1,279,000 after buying an additional 1,829 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Delek US by 41.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 48,835 shares of the oil and gas company’s stock valued at $1,209,000 after acquiring 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 valued at $1,988,000 after acquiring an additional 64,837 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Delek US by 16.7% during the second quarter. Wedge Capital Management L L P NC now owns 27,944 shares of the oil and gas company’s stock worth $692,000 after purchasing an additional 4,005 shares during the period. Finally, SummerHaven Investment Management LLC lifted its position in shares of Delek US by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after purchasing an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Trading Down 0.6 %

DK opened at $19.05 on Monday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a one year low of $15.36 and a one year high of $33.60. The company has a market cap of $1.20 billion, a P/E ratio of -3.92 and a beta of 1.15. The business’s 50-day simple moving average is $18.17 and its 200-day simple moving average is $21.20.

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 the consensus estimate of ($1.71) by $0.26. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s revenue was down 34.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.02 earnings per share. As a group, equities research analysts expect that Delek US Holdings, Inc. will post -4.41 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a $0.255 dividend. 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 5.35%. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DK. Morgan Stanley cut their target price on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note 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 on the stock in a research report on Wednesday, October 9th. 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 report on Thursday, October 10th. Bank of America began coverage on Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target on the stock. Finally, Piper Sandler decreased their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.00.

About Delek US

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.