Delek US (NYSE:DK) Sets New 52-Week Low – Should You Sell?

Delek US Holdings, Inc. (NYSE:DK) reached a new 52-week low during trading on Thursday . The company traded as low as $13.34 and last traded at $13.52, with a volume of 659494 shares traded. The stock had previously closed at $15.48.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Morgan Stanley decreased their price target on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Piper Sandler dropped their price objective on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Wells Fargo & Company lifted their target price on Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Friday, March 21st. Finally, Mizuho dropped their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.11.

Delek US Stock Down 6.5 %

The stock has a market cap of $754.22 million, a price-to-earnings ratio of -2.48 and a beta of 1.14. The firm has a 50 day simple moving average of $16.57 and a two-hundred day simple moving average of $17.69. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same period in the previous year, the company posted ($1.46) EPS. As a group, sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 annualized dividend and a yield of 8.45%. Delek US’s dividend payout ratio is currently -11.54%.

Insiders Place Their Bets

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the acquisition, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders bought 5,055 shares of company stock worth $70,787. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC raised its holdings in Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 1,311 shares during the period. KBC Group NV lifted its holdings 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 worth $71,000 after purchasing an additional 1,538 shares during the last quarter. ARS Investment Partners LLC bought a new stake in Delek US in the 4th quarter valued at $185,000. Abel Hall LLC acquired a new position in Delek US in the 4th quarter valued at $196,000. Finally, Freestone Grove Partners LP bought a new position in Delek US during the 4th quarter worth $209,000. 97.01% of the stock is owned by institutional investors.

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.