Delek US Holdings, Inc. (NYSE:DK) Shares Bought by Barclays PLC

Barclays PLC boosted its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 51.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,496,825 shares of the oil and gas company’s stock after buying an additional 508,719 shares during the quarter. Barclays PLC owned 2.37% of Delek US worth $28,065,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in Delek US in the second quarter worth approximately $43,000. Farther Finance Advisors LLC grew its holdings in shares of Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 1,508 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Delek US during the third quarter worth $193,000. Bailard Inc. purchased a new stake in shares of Delek US during the second quarter valued at $201,000. Finally, MQS Management LLC acquired a new position in shares of Delek US in the 3rd quarter valued at $201,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DK shares. Piper Sandler cut their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. Wells Fargo & Company cut their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Bank of America began coverage on shares of Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley decreased their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, September 16th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.10.

Delek US Trading Down 0.6 %

Delek US stock opened at $17.46 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 12 month low of $15.36 and a 12 month high of $33.60. The company’s fifty day simple moving average is $18.08 and its 200-day simple moving average is $20.71. The stock has a market cap of $1.10 billion, a P/E ratio of -3.59 and a beta of 1.22.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping the consensus estimate of ($1.71) by $0.26. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business’s revenue was down 34.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.02 EPS. As a group, sell-side analysts forecast that Delek US Holdings, Inc. will post -4.4 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Delek US 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.