Victory Capital Management Inc. Has $53.07 Million Stock Holdings in Delek US Holdings, Inc. (NYSE:DK)

Victory Capital Management Inc. reduced its holdings in shares of Delek US Holdings, Inc. (NYSE:DK) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,868,610 shares of the oil and gas company’s stock after selling 410,980 shares during the period. Victory Capital Management Inc. owned about 4.54% of Delek US worth $53,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in Delek US by 691.5% during the third quarter. US Bancorp DE now owns 16,195 shares of the oil and gas company’s stock valued at $304,000 after purchasing an additional 14,149 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after buying an additional 1,508 shares during the period. Easterly Investment Partners LLC boosted its stake in Delek US by 62.6% in the 3rd quarter. Easterly Investment Partners LLC now owns 744,039 shares of the oil and gas company’s stock valued at $13,951,000 after buying an additional 286,503 shares in the last quarter. MQS Management LLC bought a new stake in Delek US in the third quarter valued at $201,000. Finally, Empowered Funds LLC raised its stake in Delek US by 5.3% during the third quarter. Empowered Funds LLC now owns 319,587 shares of the oil and gas company’s stock worth $5,992,000 after acquiring an additional 16,214 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of Delek US stock opened at $14.26 on Friday. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The firm has a 50 day simple moving average of $18.00 and a 200 day simple moving average of $18.32. Delek US Holdings, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $33.60. The firm has a market cap of $891.25 million, a P/E ratio of -2.93 and a beta of 1.14.

Delek US (NYSE:DK) last released its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the business posted ($1.46) earnings per share. The firm’s quarterly revenue was down 39.8% on a year-over-year basis. Sell-side analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 7.15%. Delek US’s payout ratio is presently -11.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Piper Sandler reduced their target price on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday. Wells Fargo & Company decreased their price objective on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 26th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. boosted their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Mizuho dropped their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Delek US presently has a consensus rating of “Hold” and an average price target of $20.70.

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.