Delek US (NYSE:DK) Trading Down 5% – What’s Next?

Delek US Holdings, Inc. (NYSE:DK) shares traded down 5% on Tuesday . The company traded as low as $18.94 and last traded at $18.82. 227,910 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 1,013,355 shares. The stock had previously closed at $19.81.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Delek US in a research report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Scotiabank dropped their price objective on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Mizuho dropped 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 note on Monday, December 16th. Finally, Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.00.

Delek US Stock Up 1.2 %

The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm has a market cap of $1.17 billion, a PE ratio of -3.82 and a beta of 1.22. The firm’s 50 day moving average is $18.37 and its 200-day moving average is $19.33.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the business posted $2.02 earnings per share. Delek US’s revenue for the quarter was down 34.3% compared to the same quarter last year. As a group, equities research analysts expect that Delek US Holdings, Inc. will post -5.33 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 5.50%. The ex-dividend date was Tuesday, November 12th. Delek US’s payout ratio is currently -20.99%.

Institutional Investors Weigh In On Delek US

A number of large investors have recently added to or reduced their stakes in DK. Quarry LP acquired a new stake in Delek US during the 2nd quarter valued at $43,000. KBC Group NV boosted its stake in Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 1,538 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 1,508 shares during the last quarter. ARS Investment Partners LLC bought a new position in Delek US during the 4th quarter valued at $185,000. Finally, Capstone Investment Advisors LLC bought a new position in Delek US during the 3rd quarter valued at $193,000. 97.01% of the stock is owned by institutional investors and hedge funds.

About Delek US

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.