Delek US (NYSE:DK) Trading Down 2.4% – Here’s Why

Delek US Holdings, Inc. (NYSE:DK)’s stock price was down 2.4% during mid-day trading on Monday . The company traded as low as $16.70 and last traded at $16.54. Approximately 86,014 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,135,258 shares. The stock had previously closed at $16.94.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DK. JPMorgan Chase & Co. raised their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Piper Sandler dropped their target price on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Wells Fargo & Company increased their price objective on shares of Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, March 21st. Finally, Mizuho cut their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Five research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.40.

Delek US Trading Down 1.0 %

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 business’s 50-day moving average is $17.28 and its two-hundred day moving average is $17.91. The firm has a market cap of $995.83 million, a P/E ratio of -3.28 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the firm posted ($1.46) EPS. Delek US’s revenue was down 39.8% compared to the same quarter last year. As a group, analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio is currently -11.54%.

Insider Activity at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the purchase, the chief financial officer now owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders bought 5,055 shares of company stock valued at $70,787. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently bought and sold shares of DK. Ion Asset Management Ltd. boosted its stake in shares of Delek US by 16.5% during the 4th quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company’s stock worth $63,918,000 after acquiring an additional 488,509 shares during the period. State Street Corp boosted its position in Delek US by 8.0% during the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after purchasing an additional 223,110 shares during the period. Rubric Capital Management LP bought a new position in Delek US during the third quarter worth $37,500,000. Barclays PLC increased its holdings in shares of Delek US by 23.1% in the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company’s stock valued at $34,078,000 after purchasing an additional 345,210 shares during the last quarter. Finally, FMR LLC raised its position in shares of Delek US by 47.3% in the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after purchasing an additional 548,777 shares during the period. 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.