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TD Asset Management Inc Takes Position in Delek US Holdings, Inc. (NYSE:DK)

Delek US logo with Energy background

TD Asset Management Inc bought a new stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,246 shares of the oil and gas company's stock, valued at approximately $230,000.

Several other institutional investors have also modified their holdings of the company. Cetera Investment Advisers acquired a new position in Delek US in the 1st quarter worth about $191,000. Abel Hall LLC grew its position in shares of Delek US by 26.3% in the first quarter. Abel Hall LLC now owns 13,384 shares of the oil and gas company's stock valued at $202,000 after purchasing an additional 2,790 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Delek US during the 1st quarter worth about $493,000. Kennondale Capital Management LLC bought a new stake in Delek US during the 1st quarter valued at approximately $616,000. Finally, Allianz Asset Management GmbH grew its stake in shares of Delek US by 0.8% in the first quarter. Allianz Asset Management GmbH now owns 839,275 shares of the oil and gas company's stock worth $12,648,000 after acquiring an additional 7,018 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on DK. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and upped their target price for the company from $22.00 to $23.00 in a research note on Tuesday, May 13th. Piper Sandler upped their price objective on shares of Delek US from $17.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Scotiabank reissued a "sector perform" rating and set a $20.00 target price (up from $14.00) on shares of Delek US in a research report on Friday, July 11th. Wells Fargo & Company upped their price target on Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a report on Wednesday, June 11th. Finally, Raymond James Financial lifted their price objective on Delek US from $23.00 to $28.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $20.60.

View Our Latest Research Report on Delek US

Delek US Price Performance

DK stock traded down $1.02 during midday trading on Wednesday, reaching $20.05. 2,459,574 shares of the company's stock traded hands, compared to its average volume of 1,609,724. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 7.05. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -1.80 and a beta of 1.00. The company has a 50-day simple moving average of $22.13 and a two-hundred day simple moving average of $18.09. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $27.07.

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, topping analysts' consensus estimates of ($0.92) by $0.36. Delek US had a negative return on equity of 63.88% and a negative net margin of 6.10%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the company posted ($0.92) earnings per share. The firm's quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, August 11th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 5.1%. Delek US's dividend payout ratio is presently -9.18%.

Delek US Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Delek US (NYSE:DK)

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