Delek US (NYSE:DK) Trading Down 5% – Time to Sell?

Delek US Holdings, Inc. (NYSE:DK)’s stock price fell 5% during trading on Tuesday . The company traded as low as $18.94 and last traded at $18.82. 227,910 shares were traded during 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 research firms have recently commented on DK. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Wells Fargo & Company dropped their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Bank of America initiated coverage on shares of Delek US in a research note on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price on the stock. Mizuho lowered their target price 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, Scotiabank reduced their price target on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.00.

Delek US Stock Down 2.6 %

The business’s fifty day moving average price is $18.36 and its 200 day moving average price is $19.36. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -3.97 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous year, the company posted $2.02 EPS. Delek US’s revenue was down 34.3% compared to the same quarter last year. On average, equities analysts expect that Delek US Holdings, Inc. will post -5.11 EPS for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.29%. Delek US’s payout ratio is currently -20.99%.

Institutional Trading of Delek US

Several large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Delek US by 53.7% in the second quarter. Envestnet Asset Management Inc. now owns 80,782 shares of the oil and gas company’s stock valued at $2,000,000 after buying an additional 28,216 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Delek US by 8.6% in the second quarter. Renaissance Technologies LLC now owns 298,469 shares of the oil and gas company’s stock valued at $7,390,000 after buying an additional 23,628 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Delek US in the second quarter valued at $1,941,000. Thrivent Financial for Lutherans bought a new stake in Delek US in the second quarter valued at $2,706,000. Finally, Cubist Systematic Strategies LLC lifted its stake in Delek US by 99.7% in the second quarter. Cubist Systematic Strategies LLC now owns 378,744 shares of the oil and gas company’s stock valued at $9,378,000 after buying an additional 189,091 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.