Delek US Holdings, Inc. (NYSE:DK) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in Delek US Holdings, Inc. (NYSE:DK) by 11.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,253 shares of the oil and gas company’s stock after selling 2,247 shares during the period. PNC Financial Services Group Inc.’s holdings in Delek US were worth $260,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DK. Sterling Capital Management LLC increased its position in Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after buying an additional 1,311 shares during the period. CWM LLC raised its stake in shares of Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,164 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Delek US during the first quarter valued at about $47,000. GAMMA Investing LLC raised its stake in shares of Delek US by 907.0% during the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 3,746 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Delek US by 77.4% during the first quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 3,105 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Delek US from $17.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Raymond James Financial lifted their price objective on shares of Delek US from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their price objective on shares of Delek US from $11.00 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, June 11th. Scotiabank restated a “sector perform” rating and set a $20.00 price objective (up from $14.00) on shares of Delek US in a research note on Friday, July 11th. Finally, Citigroup restated a “neutral” rating and set a $30.00 price objective (up from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.35.

Delek US Price Performance

NYSE:DK opened at $21.70 on Friday. The business’s 50-day moving average price is $22.41 and its 200 day moving average price is $18.22. The firm has a market cap of $1.31 billion, a P/E ratio of -1.77 and a beta of 1.00. Delek US Holdings, Inc. has a 52-week low of $11.02 and a 52-week high of $27.07. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.36. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%. Delek US’s revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.92) EPS. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 11th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.02 dividend on an annualized basis and a yield of 4.7%. Delek US’s dividend payout ratio (DPR) is currently -8.30%.

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.