Swiss National Bank Has $1.85 Million Stake in Delek US Holdings, Inc. $DK

Swiss National Bank decreased its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,491 shares of the oil and gas company’s stock after selling 4,400 shares during the quarter. Swiss National Bank owned about 0.20% of Delek US worth $1,846,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Ion Asset Management Ltd. grew its position in shares of Delek US by 16.5% during the 4th quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company’s stock worth $63,918,000 after buying an additional 488,509 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Delek US by 35.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,037,599 shares of the oil and gas company’s stock valued at $15,637,000 after purchasing an additional 270,792 shares during the period. Nuveen Asset Management LLC grew its holdings in Delek US by 21.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company’s stock valued at $18,598,000 after purchasing an additional 180,498 shares during the period. Systematic Financial Management LP grew its holdings in Delek US by 9.9% during the fourth quarter. Systematic Financial Management LP now owns 913,890 shares of the oil and gas company’s stock valued at $16,907,000 after purchasing an additional 82,039 shares during the period. Finally, Northern Trust Corp grew its holdings in Delek US by 8.0% during the fourth quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company’s stock valued at $16,721,000 after purchasing an additional 66,815 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Raymond James Financial boosted their price objective on shares of Delek US from $23.00 to $28.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. The Goldman Sachs Group boosted their price objective on shares of Delek US from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Cowen restated a “sell” rating on shares of Delek US in a report on Friday, August 8th. TD Cowen decreased their price objective on shares of Delek US from $18.00 to $15.00 and set a “sell” rating for the company in a report on Friday, August 8th. Finally, Citigroup restated a “neutral” rating and set a $30.00 price objective (up previously from $15.00) on shares of Delek US in a report on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $20.35.

Delek US Stock Up 8.3%

Delek US stock opened at $24.5220 on Friday. The stock has a market capitalization of $1.48 billion, a PE ratio of -2.00 and a beta of 1.00. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month 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. The company has a 50 day moving average of $22.77 and a 200-day moving average of $18.39.

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

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 11th. Delek US’s dividend payout ratio is -8.30%.

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.