Delek US Holdings, Inc. $DK Shares Acquired by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Delek US Holdings by 82% during the first quarter, acquiring a total of 726,810 shares valued at approximately $10.95 million.
• Delek US recently reported a quarterly loss with an EPS of ($0.56), surpassing analyst expectations, but the company's revenue decreased by 16.4% year-over-year.
• The firm declared a quarterly dividend of $0.255 per share, translating to an annual yield of 4.2%, despite having a negative dividend payout ratio of -8.30%.

Hotchkis & Wiley Capital Management LLC lifted its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 82.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 726,810 shares of the oil and gas company's stock after buying an additional 327,500 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 1.20% of Delek US worth $10,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in DK. Wells Fargo & Company MN increased its holdings in shares of Delek US by 33.0% during the 4th quarter. Wells Fargo & Company MN now owns 35,531 shares of the oil and gas company's stock worth $657,000 after buying an additional 8,824 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Delek US during the 4th quarter worth approximately $5,100,000. 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 worth $28,000 after buying an additional 1,311 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Delek US by 11.2% during the 4th quarter. XTX Topco Ltd now owns 14,122 shares of the oil and gas company's stock worth $261,000 after buying an additional 1,418 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Delek US by 114.9% during the 4th quarter. First Trust Advisors LP now owns 121,037 shares of the oil and gas company's stock worth $2,239,000 after buying an additional 64,725 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Delek US Stock Performance

Shares of DK stock opened at $24.5220 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $27.07. The stock has a market capitalization of $1.48 billion, a PE ratio of -2.00 and a beta of 1.00. The firm has a 50 day moving average of $22.77 and a two-hundred day moving average of $18.39.

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

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 11th. Delek US's dividend payout ratio (DPR) is currently -8.30%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a report on Wednesday, June 11th. Scotiabank reiterated a "sector perform" rating and issued a $20.00 target price (up previously from $14.00) on shares of Delek US in a report on Friday, July 11th. Piper Sandler lifted their target price on shares of Delek US from $17.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $22.00 to $23.00 in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group lifted their target price on shares of Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Delek US presently has an average rating of "Reduce" and an average price target of $20.35.

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.

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