Delek US (NYSE:DK) Trading Down 5.2% – Should You Sell?

Shares of Delek US Holdings, Inc. (NYSE:DK) traded down 5.2% on Wednesday . The stock traded as low as $18.37 and last traded at $18.51. 352,928 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 1,044,034 shares. The stock had previously closed at $19.53.

Analyst Ratings Changes

Several equities research analysts have issued reports on DK shares. Wells Fargo & Company dropped their target price on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Mizuho cut their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Bank of America began coverage on shares of Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price target for the company. Finally, Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Five analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, Delek US has a consensus rating of “Hold” and a consensus price target of $21.00.

Delek US Trading Down 8.3 %

The firm has a market cap of $1.13 billion, a PE ratio of -3.68 and a beta of 1.20. The firm has a fifty day simple moving average of $18.30 and a two-hundred day simple moving average of $18.93. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Institutional Investors Weigh In On Delek US

Institutional investors and hedge funds have recently modified their holdings of the stock. Kawa Capital Management Inc bought a new position in Delek US in the fourth quarter worth about $4,297,000. Norges Bank purchased a new position in shares of Delek US during the 4th quarter worth approximately $6,815,000. Easterly Investment Partners LLC raised its position in shares of Delek US by 2.9% in the 4th quarter. Easterly Investment Partners LLC now owns 765,249 shares of the oil and gas company’s stock worth $14,157,000 after acquiring an additional 21,210 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Delek US by 64.6% in the 4th quarter. LPL Financial LLC now owns 66,085 shares of the oil and gas company’s stock valued at $1,223,000 after purchasing an additional 25,937 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Delek US during the fourth quarter valued at approximately $528,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.