Invesco Ltd. Sells 156,391 Shares of Delek US Holdings, Inc. (NYSE:DK)

Invesco Ltd. trimmed its position in shares of Delek US Holdings, Inc. (NYSE:DK - Free Report) by 53.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,779 shares of the oil and gas company's stock after selling 156,391 shares during the period. Invesco Ltd. owned 0.22% of Delek US worth $2,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of Delek US by 37.3% during the 4th quarter. Russell Investments Group Ltd. now owns 333,285 shares of the oil and gas company's stock worth $6,165,000 after acquiring an additional 90,487 shares during the period. Envestnet Asset Management Inc. boosted its position in 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 purchasing an additional 100,300 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Delek US by 33.0% in the fourth quarter. Wells Fargo & Company MN now owns 35,531 shares of the oil and gas company's stock valued at $657,000 after purchasing an additional 8,824 shares during the last quarter. Rangeley Capital LLC bought a new position in shares of Delek US in the fourth quarter valued at about $6,179,000. Finally, Diametric Capital LP acquired a new stake in shares of Delek US during the 4th quarter worth about $251,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler lowered their price target on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Scotiabank lowered their target price on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, April 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 note on Wednesday, April 9th. Wells Fargo & Company lowered their price objective on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Mizuho reduced their target price on shares of Delek US from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Delek US currently has an average rating of "Hold" and an average target price of $16.94.

Insider Transactions at Delek US

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders acquired 5,055 shares of company stock valued at $70,787. Corporate insiders own 1.80% of the company's stock.

Delek US Price Performance

DK traded up $0.56 on Thursday, hitting $13.58. 1,338,711 shares of the stock were exchanged, compared to its average volume of 1,232,318. The firm has a market capitalization of $848.74 million, a price-to-earnings ratio of -2.79 and a beta of 1.04. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. Delek US Holdings, Inc. has a 12 month low of $11.03 and a 12 month high of $29.14. The business has a 50-day moving average of $14.33 and a two-hundred day moving average of $16.76.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business's revenue was down 39.8% on a year-over-year basis. During the same period last year, the company posted ($1.46) EPS. Sell-side analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.02 annualized dividend and a dividend yield of 7.51%. Delek US's payout ratio is -11.54%.

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.