Delek US Holdings, Inc. $DK Position Trimmed by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in Delek US Holdings, Inc. by 17.2% in Q1, resulting in ownership of 113,272 shares worth approximately $1.71 million.
• Several institutional investors increased their stakes significantly, with Nisa Investment Advisors LLC raising its position by 1,548.4% during the same quarter.
• Analysts have varied opinions on Delek US stock, with price targets ranging from $15.00 to $23.00, and a consensus rating indicating a general “Reduce” sentiment.

Invesco Ltd. cut its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 17.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,272 shares of the oil and gas company's stock after selling 23,507 shares during the quarter. Invesco Ltd. owned approximately 0.19% of Delek US worth $1,707,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Delek US by 238.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 750,319 shares of the oil and gas company's stock valued at $11,307,000 after buying an additional 528,400 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Delek US by 1,548.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 13,270 shares of the oil and gas company's stock valued at $200,000 after buying an additional 12,465 shares during the period. Farther Finance Advisors LLC grew its stake in shares of 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 valued at $110,000 after buying an additional 3,105 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of Delek US during the 1st quarter valued at $305,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Delek US by 14.4% during the 4th quarter. Ameriprise Financial Inc. now owns 792,111 shares of the oil and gas company's stock valued at $14,654,000 after buying an additional 99,521 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Stock Up 0.9%

DK traded up $0.30 during trading on Thursday, hitting $32.21. The company had a trading volume of 694,356 shares, compared to its average volume of 1,703,215. The company has a debt-to-equity ratio of 10.48, a current ratio of 0.80 and a quick ratio of 0.50. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $32.48. The business has a 50-day moving average of $23.81 and a 200-day moving average of $18.91. The company has a market cap of $1.94 billion, a PE ratio of -2.61 and a beta of 1.09.

Delek US (NYSE:DK - Get Free Report) last released its earnings results 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 net margin of 7.11% and a negative return on equity of 79.27%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the previous year, the firm earned ($0.92) earnings per share. The firm's revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently announced 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. The ex-dividend date was Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 3.2%. Delek US's payout ratio is presently -8.30%.

Analyst Ratings Changes

A number of brokerages have weighed in on DK. Mizuho raised shares of Delek US from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $22.00 to $23.00 in a research report on Tuesday, May 13th. Cowen reaffirmed a "sell" rating on shares of Delek US in a research report on Friday, August 8th. Wolfe Research raised shares of Delek US from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a research report on Wednesday. UBS Group lifted their price target on shares of Delek US from $24.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Bank of America boosted their target price on shares of Delek US from $14.00 to $24.00 and gave the stock an "underperform" rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Delek US currently has an average rating of "Reduce" and a consensus price target of $23.77.

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.