Delek US (NYSE:DK) Sets New 12-Month Low - Here's Why

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $14.61 and last traded at $14.59, with a volume of 140812 shares trading hands. The stock had previously closed at $15.67.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Mizuho lowered their price objective on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. raised 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. Finally, Wells Fargo & Company lowered their price objective on shares of Delek US from $17.00 to $15.00 and set an "underweight" rating for the company in a research report on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $20.90.

Delek US Stock Performance

The stock has a market cap of $893.31 million, a price-to-earnings ratio of -2.94 and a beta of 1.20. The stock's fifty day moving average is $18.13 and its 200-day moving average is $18.42. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the company earned ($1.46) EPS. The firm's revenue was down 39.8% on a year-over-year basis. On average, analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 7.14%. The ex-dividend date is Monday, March 3rd. Delek US's payout ratio is -11.54%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Clifford Capital Partners LLC acquired a new position in Delek US during the third quarter worth $7,504,000. JPMorgan Chase & Co. boosted its holdings in Delek US by 76.8% during the third quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company's stock worth $9,041,000 after purchasing an additional 209,474 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Delek US by 4.5% during the third quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company's stock worth $27,368,000 after purchasing an additional 63,502 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in Delek US in the fourth quarter valued at $565,000. Finally, DRW Securities LLC acquired a new stake in Delek US in the third quarter valued at $1,782,000. 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.

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