Charles Schwab Investment Management Inc. Grows Stock Position in Delek US Holdings, Inc. (NYSE:DK)

Charles Schwab Investment Management Inc. increased its stake in Delek US Holdings, Inc. (NYSE:DK) by 10.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 721,790 shares of the oil and gas company’s stock after buying an additional 68,416 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Delek US were worth $13,534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DK. Intech Investment Management LLC purchased a new position in shares of Delek US in the 3rd quarter worth about $363,000. Quest Partners LLC boosted its position in shares of Delek US by 279.4% in the third quarter. Quest Partners LLC now owns 22,163 shares of the oil and gas company’s stock worth $416,000 after buying an additional 16,321 shares during the period. Empowered Funds LLC grew its stake in shares of Delek US by 5.3% in the third quarter. Empowered Funds LLC now owns 319,587 shares of the oil and gas company’s stock valued at $5,992,000 after buying an additional 16,214 shares in the last quarter. MQS Management LLC acquired a new position in Delek US during the 3rd quarter worth approximately $201,000. Finally, Victory Capital Management Inc. boosted its holdings in Delek US by 17.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after acquiring an additional 480,614 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of NYSE DK opened at $18.42 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm’s 50-day moving average price is $18.16 and its two-hundred day moving average price is $20.88. Delek US Holdings, Inc. has a 52-week low of $15.36 and a 52-week high of $33.60. The stock has a market capitalization of $1.16 billion, a P/E ratio of -3.79 and a beta of 1.22.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.71) by $0.26. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 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 34.3% on a year-over-year basis. During the same quarter last year, the business posted $2.02 EPS. As a group, sell-side analysts forecast that Delek US Holdings, Inc. will post -4.4 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.54%. Delek US’s dividend payout ratio is presently -20.99%.

Analysts Set New Price Targets

A number of research firms have recently commented on DK. Scotiabank reduced their target price on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company reduced their target price on Delek US from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Morgan Stanley dropped their target price on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, September 16th. Mizuho raised shares of Delek US from an “underperform” rating to a “neutral” rating and reduced their price target for the stock from $28.00 to $26.00 in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price objective on Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, Delek US has an average rating of “Hold” and a consensus price target of $21.00.

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.