Delek US Holdings, Inc. (NYSE:DK - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $13.41 and last traded at $13.58, with a volume of 1955258 shares. The stock had previously closed at $14.26.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Mizuho lowered their target price on Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Morgan Stanley decreased their price objective on Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Friday. Wells Fargo & Company decreased their price objective on Delek US from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Wednesday, February 26th. Piper Sandler decreased their price objective on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, Wolfe Research raised Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $20.30.
Get Our Latest Stock Analysis on Delek US
Delek US Stock Up 7.1 %
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 cap of $978.64 million, a PE ratio of -3.22 and a beta of 1.15. The stock has a fifty day simple moving average of $17.66 and a two-hundred day simple moving average of $18.14.
Delek US (NYSE:DK - Get Free Report) last posted 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 company had revenue of $2.37 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 39.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.46) EPS. As a group, sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.
Delek US Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.52%. Delek US's dividend payout ratio (DPR) is presently -11.54%.
Insider Activity
In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. The trade was a 6.04 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders acquired 5,925 shares of company stock worth $85,778. 0.35% of the stock is currently owned by insiders.
Institutional Trading of Delek US
A number of hedge funds have recently bought and sold shares of DK. Sterling Capital Management LLC lifted its position 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 worth $28,000 after buying an additional 1,311 shares during the last quarter. KBC Group NV lifted its position in Delek US by 66.3% in the 4th 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 during the last quarter. ARS Investment Partners LLC bought a new stake in Delek US in the 4th quarter worth approximately $185,000. Capstone Investment Advisors LLC bought a new stake in Delek US in the 3rd quarter worth approximately $193,000. Finally, Abel Hall LLC bought a new stake in Delek US in the 4th quarter worth approximately $196,000. Institutional investors own 97.01% of the company's stock.
Delek US Company Profile
(
Get Free Report)
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.
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