Shell Asset Management Co. Sells 2,988 Shares of Delek US Holdings, Inc. (NYSE:DK)

Shell Asset Management Co. lowered its stake in Delek US Holdings, Inc. (NYSE:DKGet Rating) by 12.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,499 shares of the oil and gas company’s stock after selling 2,988 shares during the quarter. Shell Asset Management Co.’s holdings in Delek US were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DK. First Trust Advisors LP grew its position in shares of Delek US by 408.8% during the fourth quarter. First Trust Advisors LP now owns 563,633 shares of the oil and gas company’s stock worth $8,449,000 after purchasing an additional 452,852 shares in the last quarter. Philosophy Capital Management LLC purchased a new stake in shares of Delek US during the fourth quarter worth about $6,013,000. Fisher Asset Management LLC grew its position in shares of Delek US by 31.2% during the fourth quarter. Fisher Asset Management LLC now owns 1,402,800 shares of the oil and gas company’s stock worth $21,028,000 after purchasing an additional 333,357 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Delek US by 59.6% during the fourth quarter. Point72 Asset Management L.P. now owns 804,000 shares of the oil and gas company’s stock worth $12,052,000 after purchasing an additional 300,355 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Delek US by 44.1% during the fourth quarter. JPMorgan Chase & Co. now owns 680,339 shares of the oil and gas company’s stock worth $10,198,000 after purchasing an additional 208,230 shares in the last quarter. Institutional investors own 74.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DK shares. StockNews.com upgraded Delek US from a “hold” rating to a “buy” rating in a research report on Saturday, May 21st. Credit Suisse Group raised their price target on Delek US to $32.00 in a report on Thursday, June 9th. Raymond James raised their price target on Delek US from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, April 20th. TheStreet raised Delek US from a “d+” rating to a “c” rating in a research note on Wednesday, April 20th. Finally, Piper Sandler raised their price objective on Delek US from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.73.

Delek US Trading Down 1.6 %

Shares of NYSE DK opened at $26.80 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.97 and a debt-to-equity ratio of 2.19. The business has a fifty day simple moving average of $27.21 and a two-hundred day simple moving average of $23.27. The firm has a market cap of $2.37 billion, a PE ratio of -20.00, a price-to-earnings-growth ratio of 0.20 and a beta of 1.56. Delek US Holdings, Inc. has a twelve month low of $13.48 and a twelve month high of $35.23.

Delek US (NYSE:DKGet Rating) last issued its earnings results on Tuesday, May 3rd. The oil and gas company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.72. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $2.82 billion. Delek US had a negative return on equity of 5.95% and a negative net margin of 0.77%. Delek US’s revenue was up 86.4% on a year-over-year basis. During the same period in the previous year, the company posted ($1.69) EPS. Analysts expect that Delek US Holdings, Inc. will post 7.68 earnings per share for the current fiscal year.

Delek US Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, August 19th.

About Delek US

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Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.

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Institutional Ownership by Quarter for Delek US (NYSE:DK)

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