Y Intercept Hong Kong Ltd Increases Stake in Delek US Holdings, Inc. (NYSE:DK)

Y Intercept Hong Kong Ltd grew its holdings in Delek US Holdings, Inc. (NYSE:DK) by 123.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,125 shares of the oil and gas company’s stock after acquiring an additional 23,298 shares during the period. Y Intercept Hong Kong Ltd owned 0.07% of Delek US worth $790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. River Road Asset Management LLC increased its holdings in Delek US by 1.1% in the 3rd quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock worth $76,880,000 after acquiring an additional 45,949 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Delek US by 17.2% in the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after purchasing an additional 480,614 shares in the last quarter. State Street Corp raised its position in shares of Delek US by 8.0% during the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock valued at $56,612,000 after purchasing an additional 223,110 shares during the period. Rubric Capital Management LP bought a new stake in shares of Delek US during the 3rd quarter valued at $37,500,000. Finally, FMR LLC lifted its stake 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 buying an additional 548,777 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley decreased their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. lifted their target price on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday. StockNews.com downgraded Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Wells Fargo & Company reduced their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, December 9th. Finally, Piper Sandler dropped their target price on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.10.

Delek US Trading Down 0.6 %

DK opened at $17.46 on Friday. The stock has a 50-day moving average of $18.08 and a 200 day moving average of $20.71. The company has a current ratio of 1.04, a quick ratio of 0.67 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 cap of $1.10 billion, a P/E ratio of -3.59 and a beta of 1.22.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. The firm had revenue of $3.04 billion during 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%. The company’s quarterly revenue was down 34.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.02 EPS. As a group, research analysts forecast that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid 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 dividend yield of 5.84%. Delek US’s dividend payout ratio is presently -20.99%.

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.