Invesco Ltd. Has $1.71 Million Stake in Delek US Holdings, Inc. $DK

Invesco Ltd. lowered its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 17.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,272 shares of the oil and gas company’s stock after selling 23,507 shares during the quarter. Invesco Ltd. owned about 0.19% of Delek US worth $1,707,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. grew its position in Delek US by 238.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 750,319 shares of the oil and gas company’s stock worth $11,307,000 after buying an additional 528,400 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Delek US by 1,548.4% during the first quarter. Nisa Investment Advisors LLC now owns 13,270 shares of the oil and gas company’s stock worth $200,000 after buying an additional 12,465 shares in the last quarter. Farther Finance Advisors LLC grew its position in 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 worth $110,000 after buying an additional 3,105 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in Delek US during the first quarter worth approximately $305,000. Finally, Ameriprise Financial Inc. grew its position in Delek US by 14.4% during the fourth quarter. Ameriprise Financial Inc. now owns 792,111 shares of the oil and gas company’s stock worth $14,654,000 after buying an additional 99,521 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DK shares. Morgan Stanley increased their price target on Delek US from $15.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 16th. Scotiabank restated a “sector perform” rating and set a $20.00 target price (up from $14.00) on shares of Delek US in a research note on Friday, July 11th. Cowen restated a “sell” rating on shares of Delek US in a research note on Friday, August 8th. Wells Fargo & Company upped their target price on Delek US from $11.00 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, June 11th. Finally, Mizuho upgraded Delek US from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $22.00 to $23.00 in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $20.35.

Delek US Stock Performance

NYSE DK opened at $27.76 on Monday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -2.26 and a beta of 1.09. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $27.78. The stock has a fifty day simple moving average of $23.25 and a 200 day simple moving average of $18.67. 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. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period last year, the business posted ($0.92) EPS. The business’s revenue was down 16.4% compared to the same quarter last year. Sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.02 annualized dividend and a dividend yield of 3.7%. Delek US’s dividend payout ratio (DPR) is currently -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.