Delek US Holdings, Inc. $DK Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. lessened its stake in Delek US Holdings, Inc. (NYSE:DK) by 29.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,557 shares of the oil and gas company’s stock after selling 82,145 shares during the period. Raymond James Financial Inc. owned 0.32% of Delek US worth $2,917,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DK. Price T Rowe Associates Inc. MD increased its position in Delek US by 21.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,042 shares of the oil and gas company’s stock valued at $1,000,000 after acquiring an additional 9,600 shares during the period. Northern Trust Corp grew its position in Delek US by 8.0% in the 4th quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company’s stock valued at $16,721,000 after buying an additional 66,815 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Delek US in the 4th quarter valued at $532,000. Ameriprise Financial Inc. grew its position in Delek US by 14.4% in the 4th quarter. Ameriprise Financial Inc. now owns 792,111 shares of the oil and gas company’s stock valued at $14,654,000 after buying an additional 99,521 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Delek US by 39.2% in the 4th quarter. Deutsche Bank AG now owns 448,119 shares of the oil and gas company’s stock valued at $8,290,000 after buying an additional 126,222 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen lowered their price objective on shares of Delek US from $18.00 to $15.00 and set a “sell” rating on the stock in a research report on Friday, August 8th. Wolfe Research upgraded Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Wednesday, September 3rd. UBS Group boosted their target price on Delek US from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Piper Sandler boosted their target price on Delek US from $17.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Mizuho upgraded Delek US from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $22.00 to $23.00 in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $23.77.

Delek US Stock Performance

DK opened at $31.29 on Monday. The stock has a market cap of $1.88 billion, a P/E ratio of -2.55 and a beta of 1.09. The company has a debt-to-equity ratio of 10.48, a current ratio of 0.80 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $24.23 and its 200 day simple moving average is $19.12. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $32.48.

Delek US (NYSE:DK) last released 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 business 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%.The company’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.92) EPS. As a group, equities 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. Stockholders of record on Monday, August 11th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, August 11th. Delek US’s payout ratio is -8.30%.

Insider Activity

In other news, CFO Robert G. Wright sold 7,135 shares of Delek US stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total transaction of $208,627.40. Following the completion of the transaction, the chief financial officer owned 48,294 shares of the company’s stock, valued at $1,412,116.56. The trade was a 12.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

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.