Loomis Sayles & Co. L P Sells 13,914 Shares of Delek US Holdings, Inc. (NYSE:DK)

Loomis Sayles & Co. L P trimmed its position in Delek US Holdings, Inc. (NYSE:DK) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 352,350 shares of the oil and gas company’s stock after selling 13,914 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Delek US were worth $6,607,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DK. Quarry LP bought a new stake in shares of Delek US in the second quarter worth about $43,000. Farther Finance Advisors LLC increased its holdings in shares of Delek US by 24.2% in 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 during the last quarter. Bailard Inc. bought a new stake in Delek US during the second quarter worth approximately $201,000. MQS Management LLC purchased a new stake in Delek US during the third quarter valued at approximately $201,000. Finally, Chesapeake Capital Corp IL bought a new stake in shares of Delek US in the 2nd quarter valued at approximately $223,000. 97.01% of the stock is owned by institutional investors.

Delek US Price Performance

Shares of DK stock opened at $19.16 on Thursday. 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 company has a market capitalization of $1.21 billion, a P/E ratio of -3.94 and a beta of 1.15. The company’s 50-day simple moving average is $18.21 and its two-hundred day simple moving average is $21.37. Delek US Holdings, Inc. has a one year low of $15.36 and a one year high of $33.60.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.02 EPS. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post -4.39 EPS for the current year.

Delek US Dividend Announcement

The business 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. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.32%. Delek US’s dividend payout ratio is currently -20.99%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DK shares. Morgan Stanley decreased their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Bank of America assumed coverage on shares of Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 target price on the stock. Mizuho raised shares of Delek US from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $26.00 in a research note on Monday, September 16th. Wells Fargo & Company reduced their price objective on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. Finally, Piper Sandler decreased their price objective on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.00.

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.