Delek US (NYSE:DK) Shares Down 3.4% – Time to Sell?

Delek US Holdings, Inc. (NYSE:DK)’s stock price was down 3.4% during mid-day trading on Wednesday . The company traded as low as $18.45 and last traded at $18.45. Approximately 53,022 shares traded hands during trading, a decline of 95% from the average daily volume of 1,072,466 shares. The stock had previously closed at $19.09.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DK shares. Bank of America started coverage on Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price for the company. Piper Sandler decreased their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th. TD Cowen decreased their price target on Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Morgan Stanley decreased their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. decreased their price target on Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.00.

Delek US Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -3.93 and a beta of 1.22. The company has a 50-day moving average of $18.17 and a 200-day moving average of $21.08.

Delek US (NYSE:DK) last posted its quarterly earnings results 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. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business’s revenue was down 34.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.02 EPS. On average, equities research analysts forecast that Delek US Holdings, Inc. will post -4.4 earnings per share for the current fiscal year.

Delek US Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. River Road Asset Management LLC boosted its stake in Delek US by 1.1% during the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after buying an additional 45,949 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Delek US by 17.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after acquiring an additional 480,614 shares in the last quarter. State Street Corp lifted its stake in Delek US by 8.0% in the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after acquiring an additional 223,110 shares in the last quarter. Rubric Capital Management LP purchased a new stake in shares of Delek US during the 3rd quarter worth about $37,500,000. Finally, FMR LLC raised its stake in shares of Delek US by 47.3% during the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after purchasing an additional 548,777 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

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.