Delek US Holdings, Inc. (NYSE:DK) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,955 shares of the oil and gas company’s stock after selling 5,128 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Delek US worth $2,718,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Clifford Capital Partners LLC bought a new stake in Delek US in the third quarter worth about $7,504,000. Rubric Capital Management LP acquired a new position in shares of Delek US in the 3rd quarter worth approximately $37,500,000. BNP Paribas Financial Markets raised its holdings in shares of Delek US by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 188,020 shares of the oil and gas company’s stock worth $3,525,000 after purchasing an additional 90,230 shares in the last quarter. FMR LLC lifted its stake in Delek US by 47.3% during the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after purchasing an additional 548,777 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in Delek US during the third quarter worth approximately $1,782,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Price Performance

Shares of DK opened at $17.45 on Friday. The business’s 50-day moving average is $18.02 and its 200-day moving average is $20.60. 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 company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -3.59 and a beta of 1.22. Delek US Holdings, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $33.60.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating the consensus estimate of ($1.71) by $0.26. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.02 EPS. Equities research analysts expect that Delek US Holdings, Inc. will post -4.4 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.85%. Delek US’s dividend payout ratio is -20.99%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DK shares. JPMorgan Chase & Co. upped their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $28.00 to $26.00 in a research report on Monday, September 16th. Piper Sandler reduced their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th. StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Finally, Scotiabank reduced their price objective on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.10.

Delek US 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.