Nuveen LLC Invests $13.63 Million in Delek US Holdings, Inc. $DK

Key Points

• Nuveen LLC has made a new investment of approximately $13.63 million by purchasing 904,409 shares of Delek US Holdings, Inc., increasing its stake to about 1.49% as of the latest SEC filing.
• In its recent quarterly report, Delek US showed an earnings per share (EPS) of ($0.56), exceeding analyst expectations, while revenue was reported at $2.76 billion, down 16.4% from the previous year.
• Delek US announced a quarterly dividend of $0.255 per share, yielding 4.5%, despite having a negative payout ratio of -8.30%.

Nuveen LLC bought a new position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 904,409 shares of the oil and gas company's stock, valued at approximately $13,629,000. Nuveen LLC owned 1.49% of Delek US as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of DK. Wells Fargo & Company MN increased its position in shares of Delek US by 33.0% during the fourth quarter. Wells Fargo & Company MN now owns 35,531 shares of the oil and gas company's stock worth $657,000 after acquiring an additional 8,824 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Delek US by 116.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 186,767 shares of the oil and gas company's stock worth $3,455,000 after acquiring an additional 100,300 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Delek US during the fourth quarter worth approximately $5,100,000. Sterling Capital Management LLC increased its position in shares of 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 acquiring an additional 1,311 shares during the period. Finally, XTX Topco Ltd increased its position in shares of 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 acquiring an additional 1,418 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Stock Up 5.2%

DK traded up $1.33 during trading on Wednesday, hitting $27.02. The stock had a trading volume of 2,024,360 shares, compared to its average volume of 2,352,539. The company has a market capitalization of $1.63 billion, a PE ratio of -2.20 and a beta of 1.00. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $27.28. 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 stock has a 50 day simple moving average of $23.02 and a two-hundred day simple moving average of $18.55.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.56) EPS for the quarter, topping 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 business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the firm posted ($0.92) earnings per share. The business's revenue for the quarter 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 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 11th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, August 11th. Delek US's payout ratio is presently -8.30%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. TD Cowen cut their price objective on shares of Delek US from $18.00 to $15.00 and set a "sell" rating on the stock in a report on Friday, August 8th. Citigroup reissued a "neutral" rating and set a $30.00 price objective (up from $15.00) on shares of Delek US in a report on Wednesday, July 16th. Morgan Stanley lifted their price objective 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. The Goldman Sachs Group lifted their price objective 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. Finally, Cowen reissued a "sell" rating on shares of Delek US in a report on Friday, August 8th. 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. According to MarketBeat, Delek US has a consensus rating of "Reduce" and a consensus 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.