Shares of Delek US Holdings, Inc. (NYSE:DK - Get Free Report) hit 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. The stock had previously closed at $15.48.
Wall Street Analysts Forecast Growth
DK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Mizuho dropped their price target 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. 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 raised 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, March 21st. Finally, Morgan Stanley reduced their price target on shares of Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Five equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.11.
View Our Latest Report on Delek US
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 company has a market cap of $720.34 million, a P/E ratio of -2.37 and a beta of 1.04. The business's 50 day simple moving average is $16.18 and its 200 day simple moving average is $17.50.
Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data 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). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the business earned ($1.46) earnings per share. The firm's revenue for the quarter was down 39.8% on a year-over-year basis. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 8.85%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US's dividend payout ratio is currently -11.54%.
Insider Activity at Delek US
In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $673,190.60. This represents a 6.04 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have 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
Institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its position in shares of Delek US by 3.4% during the first quarter. Rhumbline Advisers now owns 121,201 shares of the oil and gas company's stock valued at $1,826,000 after purchasing an additional 4,031 shares in the last quarter. GAMMA Investing LLC boosted its stake in Delek US by 907.0% during the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after buying an additional 3,746 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in Delek US during the 4th quarter valued at approximately $3,982,000. Mackenzie Financial Corp increased its stake in Delek US by 67.8% in the 4th quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company's stock worth $733,000 after acquiring an additional 16,009 shares during the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Delek US during the 4th quarter worth approximately $363,000. 97.01% of the stock is owned by hedge funds and other institutional investors.
About Delek US
(
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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