Delek US (NYSE:DK) Shares Down 2.4% - Here's Why

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) shares traded down 2.4% on Monday . The stock traded as low as $16.70 and last traded at $16.54. 86,014 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 1,135,258 shares. The stock had previously closed at $16.94.

Analysts Set New Price Targets

Several research firms have recently issued reports on DK. 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. Wells Fargo & Company increased their target price on shares of Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Friday, March 21st. Morgan Stanley dropped 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 note on Friday, March 14th. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Finally, Piper Sandler dropped their target price 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. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $20.40.

Delek US Price Performance

The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The firm has a fifty day moving average of $17.12 and a two-hundred day moving average of $17.88. The stock has a market capitalization of $977.39 million, a P/E ratio of -3.22 and a beta of 1.14.

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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) EPS for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business's quarterly revenue was down 39.8% on a year-over-year basis. During the same period last year, the firm earned ($1.46) EPS. On average, analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date was Monday, March 3rd. Delek US's dividend payout ratio is currently -11.54%.

Insider Activity at Delek US

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $13.70 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 5,055 shares of company stock valued at $70,787 over the last 90 days. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Ion Asset Management Ltd. increased its holdings in Delek US by 16.5% in the 4th quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company's stock worth $63,918,000 after buying an additional 488,509 shares during the period. State Street Corp boosted its holdings in shares of 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 valued at $56,612,000 after acquiring an additional 223,110 shares during the last quarter. Barclays PLC increased its stake in shares of Delek US by 23.1% in the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock worth $34,078,000 after acquiring an additional 345,210 shares during the period. FMR LLC raised its holdings in shares of Delek US by 47.3% during the third 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 during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 valued at $27,368,000 after purchasing an additional 63,502 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.