Charles Schwab Investment Management Inc. Has $15.64 Million Stake in Delek US Holdings, Inc. $DK

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Delek US Holdings by 35.3%, owning over 1 million shares valued at approximately $15.6 million as of the latest SEC filing.
• Delek US reported a loss of $0.56 EPS for the last quarter, surpassing analysts' estimates, despite experiencing a 16.4% decline in revenue compared to the prior year.
• The company recently declared a quarterly dividend of $0.255 per share, translating to an annualized yield of 4.2%.

Charles Schwab Investment Management Inc. grew its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 35.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,037,599 shares of the oil and gas company's stock after buying an additional 270,792 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.66% of Delek US worth $15,637,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in shares of Delek US by 728.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 1,311 shares during the last quarter. CWM LLC boosted its position in Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 1,164 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in Delek US in the 1st quarter valued at $47,000. GAMMA Investing LLC raised its holdings in Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock worth $63,000 after acquiring an additional 3,746 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Delek US by 77.4% during the 1st quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company's stock worth $110,000 after acquiring an additional 3,105 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Delek US Trading Up 5.7%

NYSE:DK traded up $1.3950 during mid-day trading on Monday, hitting $25.8650. The company's stock had a trading volume of 2,685,079 shares, compared to its average volume of 2,221,121. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. Delek US Holdings, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $27.07. The stock has a fifty day moving average of $22.85 and a 200-day moving average of $18.44.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.92) by $0.36. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the company posted ($0.92) EPS. The company's revenue was down 16.4% compared to the same quarter last year. On average, equities research analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, August 11th. Delek US's dividend payout ratio is currently -8.30%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DK. The Goldman Sachs Group raised their price target on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Citigroup restated a "neutral" rating and set a $30.00 target price (up previously from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Raymond James Financial lifted their price target on Delek US from $23.00 to $28.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. TD Cowen cut their price target on Delek US from $18.00 to $15.00 and set a "sell" rating for the company in a report on Friday, August 8th. Finally, Piper Sandler increased their price objective on Delek US from $17.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $20.35.

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.