Towle & Co. Sells 111,105 Shares of Delek US Holdings, Inc. $DK

Towle & Co. lowered its holdings in Delek US Holdings, Inc. (NYSE:DK) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 536,133 shares of the oil and gas company’s stock after selling 111,105 shares during the period. Delek US accounts for 4.4% of Towle & Co.’s investment portfolio, making the stock its 2nd biggest position. Towle & Co. owned about 0.89% of Delek US worth $17,301,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DK. Allianz Asset Management GmbH increased its position in Delek US by 40.2% during the third quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after purchasing an additional 423,017 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Delek US during the 3rd quarter valued at $1,338,000. Federated Hermes Inc. acquired a new stake in shares of Delek US during the 3rd quarter worth $5,416,000. Quantbot Technologies LP acquired a new stake in shares of Delek US during the 2nd quarter worth $1,089,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Delek US in the 2nd quarter worth $454,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Stock Up 0.6%

NYSE DK opened at $34.41 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 7.12. Delek US Holdings, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $43.50. The business has a 50 day moving average price of $30.78 and a two-hundred day moving average price of $32.09. The stock has a market cap of $2.07 billion, a PE ratio of -4.22 and a beta of 0.84.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, March 2nd. Delek US’s dividend payout ratio (DPR) is presently -12.50%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DK. Mizuho boosted their price target on Delek US from $45.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. UBS Group boosted their target price on Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. JPMorgan Chase & Co. cut their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Scotiabank set a $34.00 price target on shares of Delek US in a research report on Friday, January 16th. Finally, Citigroup dropped their price objective on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.85.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.