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

Charles Schwab Investment Management Inc. boosted its stake in shares of Delek US Holdings, Inc. (NYSE:DKFree Report) by 2.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 620,957 shares of the oil and gas company’s stock after purchasing an additional 13,238 shares during the period. Charles Schwab Investment Management Inc. owned about 0.97% of Delek US worth $16,021,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DK. Spirit of America Management Corp NY bought a new stake in Delek US in the fourth quarter worth approximately $26,000. Strs Ohio bought a new stake in Delek US in the fourth quarter worth approximately $95,000. First Hawaiian Bank bought a new stake in Delek US in the fourth quarter worth approximately $203,000. Diversified Trust Co bought a new stake in Delek US in the fourth quarter worth approximately $241,000. Finally, Aigen Investment Management LP bought a new stake in Delek US in the third quarter worth approximately $263,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 20th. Bank of America boosted their price objective on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Mizuho boosted their price objective on shares of Delek US from $30.00 to $31.00 and gave the stock an “underperform” rating in a research note on Monday, May 13th. UBS Group boosted their price objective on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Finally, TD Cowen reduced their price objective on shares of Delek US from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.50.

Check Out Our Latest Analysis on Delek US

Delek US Price Performance

NYSE:DK opened at $27.45 on Tuesday. The stock has a market cap of $1.76 billion, a P/E ratio of -22.14 and a beta of 1.34. Delek US Holdings, Inc. has a one year low of $21.39 and a one year high of $33.60. The company has a fifty day moving average price of $29.48 and a 200 day moving average price of $27.63. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.04 and a quick ratio of 0.64.

Delek US (NYSE:DKGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.15. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the company posted $1.37 EPS. The business’s revenue was down 17.8% on a year-over-year basis. Analysts anticipate that Delek US Holdings, Inc. will post 1.19 earnings per share for the current year.

Delek US Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were paid a $0.25 dividend. This is a boost from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.64%. Delek US’s dividend payout ratio is currently -80.65%.

About Delek US

(Free Report)

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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Institutional Ownership by Quarter for Delek US (NYSE:DK)

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