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

Delek US Holdings, Inc. (NYSE:DK) reached a new 52-week low on Tuesday . The stock traded as low as $13.41 and last traded at $13.58, with a volume of 1955258 shares trading hands. The stock had previously closed at $14.26.

Wall Street Analyst Weigh In

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

Delek US Trading Down 4.8 %

The firm has a market capitalization of $848.61 million, a price-to-earnings ratio of -2.79 and a beta of 1.14. The business has a 50-day moving average of $17.91 and a two-hundred day moving average of $18.24. 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 (NYSE:DK) last released its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the business earned ($1.46) earnings per share. The firm’s quarterly revenue was down 39.8% compared to the same quarter last year. Research analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s payout ratio is -11.54%.

Institutional Investors Weigh In On Delek US

Institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its holdings in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 1,311 shares in the last quarter. KBC Group NV boosted its holdings in Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 1,538 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 1,508 shares in the last quarter. ARS Investment Partners LLC acquired a new stake in Delek US during the fourth quarter valued at approximately $185,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Delek US during the third quarter valued at approximately $193,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.