Charles Schwab Investment Management Inc. Has $14.19 Million Stake in Delek US Holdings, Inc. (NYSE:DK)

Charles Schwab Investment Management Inc. lifted its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 766,807 shares of the oil and gas company’s stock after purchasing an additional 45,017 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Delek US were worth $14,186,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Versor Investments LP acquired a new position in shares of Delek US during the fourth quarter worth approximately $686,000. New York State Common Retirement Fund raised its position in shares of Delek US by 21.5% during the fourth quarter. New York State Common Retirement Fund now owns 30,548 shares of the oil and gas company’s stock worth $565,000 after purchasing an additional 5,400 shares during the period. Rhumbline Advisers raised its position in shares of Delek US by 2.0% during the fourth quarter. Rhumbline Advisers now owns 117,170 shares of the oil and gas company’s stock worth $2,168,000 after purchasing an additional 2,268 shares during the period. Van ECK Associates Corp raised its position in shares of Delek US by 17.8% during the fourth quarter. Van ECK Associates Corp now owns 14,111 shares of the oil and gas company’s stock worth $261,000 after purchasing an additional 2,134 shares during the period. Finally, Summit Trail Advisors LLC acquired a new position in shares of Delek US during the fourth quarter worth approximately $565,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 5,055 shares of company stock valued at $70,787 in the last 90 days. Insiders own 1.80% of the company’s stock.

Delek US Stock Up 1.9 %

Shares of NYSE:DK opened at $17.46 on Friday. The company has a market capitalization of $1.09 billion, a PE ratio of -3.59 and a beta of 1.14. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The business has a fifty day moving average price of $17.47 and a two-hundred day moving average price of $18.02. Delek US Holdings, Inc. has a 1 year low of $13.40 and a 1 year high of $33.60.

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

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.84%. Delek US’s dividend payout ratio is presently -11.54%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DK shares. Mizuho decreased their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler decreased their price target on Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company decreased their price target on Delek US from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Delek US currently has an average rating of “Hold” and a consensus price target of $20.30.

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.