Delek US (NYSE:DK) Reaches New 1-Year Low – What’s Next?

Delek US Holdings, Inc. (NYSE:DK)’s share price reached a new 52-week low on Tuesday . The company traded as low as $16.12 and last traded at $16.12, with a volume of 700973 shares traded. The stock had previously closed at $17.13.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DK shares. Wolfe Research began coverage on Delek US in a report on Thursday, July 18th. They issued an “underperform” rating and a $19.00 target price on the stock. Bank of America started 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 for the company. JPMorgan Chase & Co. dropped their price target on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Scotiabank dropped their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, Piper Sandler dropped 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. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Delek US presently has an average rating of “Hold” and an average target price of $22.00.

Delek US Trading Down 2.2 %

The business’s 50-day simple moving average is $18.97 and its 200-day simple moving average is $22.87. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -9.27 and a beta of 1.13. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The business’s revenue was down 18.4% on a year-over-year basis. Research analysts predict that Delek US Holdings, Inc. will post -3.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Avigal Soreq purchased 5,651 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the acquisition, the chief executive officer now directly owns 188,881 shares in the company, valued at $3,856,950.02. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Delek US

Several large investors have recently made changes to their positions in the business. Diversified Trust Co lifted its position in shares of Delek US by 15.7% during the first quarter. Diversified Trust Co now owns 10,824 shares of the oil and gas company’s stock worth $333,000 after purchasing an additional 1,472 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Delek US during the 1st quarter worth approximately $172,000. Janney Montgomery Scott LLC raised its position in shares of Delek US by 9.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 71,863 shares of the oil and gas company’s stock valued at $2,209,000 after purchasing an additional 6,355 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Delek US during the 1st quarter valued at approximately $265,000. Finally, Easterly Investment Partners LLC grew its position in shares of Delek US by 2.1% during the first quarter. Easterly Investment Partners LLC now owns 361,005 shares of the oil and gas company’s stock worth $11,097,000 after buying an additional 7,533 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.