AMG National Trust Bank Invests $1.64 Million in Delek US Holdings, Inc. (NYSE:DK)

AMG National Trust Bank purchased a new position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 108,751 shares of the oil and gas company's stock, valued at approximately $1,639,000. AMG National Trust Bank owned approximately 0.17% of Delek US at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Ion Asset Management Ltd. increased its holdings in shares of Delek US by 16.5% during the 4th quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock valued at $63,918,000 after acquiring an additional 488,509 shares during the last quarter. Barclays PLC increased its holdings in shares of Delek US by 23.1% during the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock valued at $34,078,000 after acquiring an additional 345,210 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Delek US by 21.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company's stock valued at $18,598,000 after acquiring an additional 180,498 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of Delek US by 9.9% during the 4th quarter. Systematic Financial Management LP now owns 913,890 shares of the oil and gas company's stock valued at $16,907,000 after acquiring an additional 82,039 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Delek US by 8.0% during the 4th quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company's stock valued at $16,721,000 after acquiring an additional 66,815 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Price Performance

DK traded down $0.16 during trading on Wednesday, hitting $24.29. The company's stock had a trading volume of 254,873 shares, compared to its average volume of 1,417,799. The firm's 50 day moving average price is $21.08 and its two-hundred day moving average price is $17.77. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 7.05. Delek US Holdings, Inc. has a 12 month low of $11.03 and a 12 month high of $27.07. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -2.19 and a beta of 0.98.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted ($0.41) EPS. The company's revenue for the quarter was down 18.1% compared to the same quarter last year. Sell-side analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.20%. Delek US's dividend payout ratio (DPR) is presently -9.18%.

Analyst Upgrades and Downgrades

DK has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an "underweight" rating and issued a $19.00 target price (up previously from $15.00) on shares of Delek US in a report on Wednesday, July 16th. Scotiabank reiterated a "sector perform" rating and issued a $20.00 price objective (up previously from $14.00) on shares of Delek US in a research report on Friday, July 11th. Citigroup reiterated a "neutral" rating and issued a $30.00 price objective (up previously from $15.00) on shares of Delek US in a research report on Wednesday, July 16th. Mizuho upgraded Delek US from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $22.00 to $23.00 in a research report on Tuesday, May 13th. Finally, Piper Sandler raised their price objective on Delek US from $17.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Delek US presently has an average rating of "Hold" and a consensus price target of $20.60.

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.