Capstone Investment Advisors LLC Invests $193,000 in Delek US Holdings, Inc. (NYSE:DK)

Capstone Investment Advisors LLC purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,290 shares of the oil and gas company’s stock, valued at approximately $193,000.

A number of other large investors also recently bought and sold shares of DK. Quarry LP purchased a new stake in shares of Delek US during the 2nd quarter worth about $43,000. Farther Finance Advisors LLC boosted its position in Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,508 shares in the last quarter. Bailard Inc. purchased a new position in Delek US during the second quarter worth approximately $201,000. Chesapeake Capital Corp IL acquired a new stake in Delek US in the second quarter valued at approximately $223,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Delek US in the second quarter valued at approximately $223,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. dropped their target price on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Wells Fargo & Company cut their price objective on Delek US from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Finally, Piper Sandler decreased their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Six investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, Delek US has an average rating of “Hold” and a consensus price target of $21.00.

Delek US Stock Performance

NYSE DK opened at $19.05 on Monday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The stock’s fifty day moving average is $18.17 and its two-hundred day moving average is $21.20. The firm has a market capitalization of $1.20 billion, a P/E ratio of -3.92 and a beta of 1.15. 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 announced its quarterly earnings results 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. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the company posted $2.02 EPS. The company’s revenue was down 34.3% compared to the same quarter last year. On average, research analysts anticipate that Delek US Holdings, Inc. will post -4.41 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.35%. Delek US’s dividend payout ratio is currently -20.99%.

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.