Connor Clark & Lunn Investment Management Ltd. Has $651,000 Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Connor Clark & Lunn Investment Management Ltd. reduced its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 53.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,703 shares of the oil and gas company’s stock after selling 39,403 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Delek US were worth $651,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DK. Quarry LP acquired a new position in shares of Delek US during the second quarter worth about $43,000. Farther Finance Advisors LLC boosted its position in Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 1,508 shares during the last quarter. Bailard Inc. acquired a new position in Delek US during the 2nd quarter worth approximately $201,000. MQS Management LLC bought a new position in shares of Delek US during the 3rd quarter worth approximately $201,000. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Delek US in the second quarter valued at approximately $223,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DK shares. Wells Fargo & Company decreased their target price on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, October 9th. StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and reduced their price target for the company from $28.00 to $26.00 in a research report on Monday, September 16th. Morgan Stanley lowered their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Finally, Scotiabank cut their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Six analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.00.

Delek US Trading Down 1.1 %

Shares of Delek US stock opened at $19.16 on Friday. Delek US Holdings, Inc. has a 1 year low of $15.36 and a 1 year high of $33.60. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -3.94 and a beta of 1.15. The business has a fifty day simple moving average of $18.18 and a two-hundred day simple moving average of $21.35. 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 (NYSE:DK) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. Delek US’s revenue was down 34.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.02 EPS. Research analysts forecast that Delek US Holdings, Inc. will post -4.39 EPS for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.32%. Delek US’s dividend payout ratio (DPR) is currently -20.99%.

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.