Delek US (NYSE:DK) Trading Down 2.4% – Should You Sell?

Delek US Holdings, Inc. (NYSE:DK) dropped 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

DK has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. JPMorgan Chase & Co. boosted their price target on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler reduced their price objective on 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 upped their target price on Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, Mizuho reduced their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, Delek US presently has a consensus rating of “Hold” and a consensus target price of $20.40.

Delek US Stock Performance

The firm has a fifty day simple moving average of $17.43 and a 200 day simple moving average of $17.96. 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 company has a market cap of $1.01 billion, a price-to-earnings ratio of -3.33 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 for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm’s revenue was down 39.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.46) EPS. On average, sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.30%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio is currently -11.54%.

Insider Activity

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

Hedge Funds Weigh In On Delek US

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings in shares of Delek US by 728.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 1,311 shares in the last quarter. KBC Group NV boosted its stake 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 worth $71,000 after buying an additional 1,538 shares in the last quarter. ARS Investment Partners LLC bought a new stake in Delek US in the 4th quarter valued at $185,000. Capstone Investment Advisors LLC acquired a new position in shares of Delek US in the 3rd quarter valued at $193,000. Finally, Abel Hall LLC acquired a new position in Delek US in the fourth quarter worth about $196,000. 97.01% of the stock is currently owned by 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.