Delek US Holdings, Inc. $DK Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. decreased its holdings in Delek US Holdings by 1.9%, owning approximately 10.56% of the company after selling 127,468 shares.
• Delek US reported (-0.56) earnings per share for the most recent quarter, exceeding analysts' estimates, despite a year-over-year revenue decline of 16.4%.
• The company announced a quarterly dividend of $0.255 per share, representing a 4.2% dividend yield and a negative payout ratio of -8.30%.

Vanguard Group Inc. reduced its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,601,039 shares of the oil and gas company's stock after selling 127,468 shares during the period. Vanguard Group Inc. owned approximately 10.56% of Delek US worth $99,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in Delek US by 33.0% in the 4th quarter. Wells Fargo & Company MN now owns 35,531 shares of the oil and gas company's stock worth $657,000 after purchasing an additional 8,824 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Delek US by 116.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 186,767 shares of the oil and gas company's stock valued at $3,455,000 after purchasing an additional 100,300 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Delek US in the fourth quarter valued at approximately $5,100,000. Sterling Capital Management LLC lifted its position in Delek US by 728.3% during the fourth 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 in the last quarter. Finally, XTX Topco Ltd boosted its stake in Delek US by 11.2% during the fourth 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. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Stock Performance

Shares of DK stock traded up $1.3950 during trading hours on Monday, hitting $25.8650. The company 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. The company's fifty day moving average is $22.85 and its 200 day moving average is $18.44. Delek US Holdings, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $27.07.

Delek US (NYSE:DK - Get Free Report) last announced its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the company earned ($0.92) earnings per share. The firm's quarterly revenue was down 16.4% compared to the same quarter last year. Equities research analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, August 11th. Delek US's dividend payout ratio (DPR) is -8.30%.

Analyst Upgrades and Downgrades

DK has been the subject of a number of recent research reports. Mizuho raised Delek US from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $22.00 to $23.00 in a research note on Tuesday, May 13th. Cowen reissued a "sell" rating on shares of Delek US in a report on Friday, August 8th. Scotiabank reaffirmed a "sector perform" rating and set a $20.00 target price (up from $14.00) on shares of Delek US in a research note on Friday, July 11th. Morgan Stanley boosted their target price on shares of Delek US from $15.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, July 16th. Finally, Raymond James Financial raised their price target on shares of Delek US from $23.00 to $28.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $20.35.

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.