Victory Capital Management Inc. Sells 1,318,280 Shares of Delek US Holdings, Inc. (NYSE:DK)

Victory Capital Management Inc. trimmed its holdings in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 46.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,550,330 shares of the oil and gas company's stock after selling 1,318,280 shares during the quarter. Victory Capital Management Inc. owned about 2.48% of Delek US worth $23,363,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings in 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 worth $11,307,000 after purchasing an additional 528,400 shares during the last quarter. Kawa Capital Management Inc bought a new stake in shares of Delek US in the 4th quarter valued at about $4,297,000. Farther Finance Advisors LLC increased its stake in shares of Delek US by 77.4% in 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 acquiring an additional 3,105 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Delek US by 14.4% in 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 acquiring an additional 99,521 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Delek US by 1,548.4% in 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 acquiring an additional 12,465 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on DK shares. Scotiabank boosted their price objective on Delek US from $14.00 to $20.00 and gave the company a "sector perform" rating in a research report on Friday, July 11th. UBS Group reduced their price target on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company upped their price target on Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group upped their price target on Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Morgan Stanley upped their price target on Delek US from $15.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 16th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $19.77.

Delek US Trading Up 0.5%

NYSE DK opened at $24.76 on Tuesday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -2.23 and a beta of 0.98. Delek US Holdings, Inc. has a 52 week low of $11.03 and a 52 week high of $27.07. The business has a 50 day moving average price of $21.08 and a 200-day moving average price of $17.77. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 7.05.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing the consensus estimate of ($2.27) by ($0.05). The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The company's revenue was down 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.41) EPS. As a group, equities analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a $0.255 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a yield of 4.12%. Delek US's dividend payout ratio is currently -9.18%.

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.

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