Delek US (NYSE:DK) Reaches New 52-Week Low on Analyst Downgrade

Shares of Delek US Holdings, Inc. (NYSE:DK - Get Free Report) reached a new 52-week low on Thursday after Wells Fargo & Company lowered their price target on the stock from $17.00 to $15.00. Wells Fargo & Company currently has an underweight rating on the stock. Delek US traded as low as $15.09 and last traded at $15.14, with a volume of 3000718 shares traded. The stock had previously closed at $16.40.

Other analysts also recently issued reports about the company. Mizuho lowered their price objective on Delek US from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Wolfe Research upgraded Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $20.90.

Institutional Investors Weigh In On Delek US

Hedge funds have recently bought and sold shares of the business. Creative Planning lifted its position in Delek US by 116.1% in the third quarter. Creative Planning now owns 41,358 shares of the oil and gas company's stock worth $775,000 after buying an additional 22,223 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Delek US by 691.5% in the 3rd quarter. US Bancorp DE now owns 16,195 shares of the oil and gas company's stock worth $304,000 after acquiring an additional 14,149 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company's stock worth $145,000 after purchasing an additional 1,508 shares during the last quarter. F M Investments LLC grew its stake in shares of Delek US by 0.5% during the third quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company's stock valued at $3,275,000 after buying an additional 807 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Delek US by 9.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 53,280 shares of the oil and gas company's stock valued at $999,000 after acquiring an additional 4,445 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Stock Up 2.9 %

The company's 50 day moving average is $18.16 and its 200 day moving average is $18.52. 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 $1.03 billion, a PE ratio of -3.36 and a beta of 1.20.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the company posted ($1.46) EPS. The company's revenue for the quarter was down 39.8% compared to the same quarter last year. As a group, analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Monday, March 3rd. Delek US's dividend payout ratio is currently -11.54%.

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.