Delek US (NYSE:DK) Trading Down 5.2% - Should You Sell?

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) shares fell 5.2% on Wednesday . The stock traded as low as $18.37 and last traded at $18.51. 352,928 shares changed hands during trading, a decline of 66% from the average session volume of 1,044,034 shares. The stock had previously closed at $19.53.

Analyst Ratings Changes

Several brokerages have weighed in on DK. Mizuho lowered their target price on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company lowered their target price on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, December 9th. Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their target price 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. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.00.

Delek US Stock Up 4.6 %

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 company has a market cap of $1.15 billion, a price-to-earnings ratio of -3.75 and a beta of 1.20. The firm's 50-day moving average price is $18.26 and its 200-day moving average price is $18.84.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Rubric Capital Management LP acquired a new stake in shares of Delek US in the 3rd quarter worth about $37,500,000. Philosophy Capital Management LLC acquired a new position in Delek US during the 3rd quarter valued at about $21,471,000. International Assets Investment Management LLC increased its stake in Delek US by 1,753.2% during the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company's stock valued at $12,160,000 after buying an additional 613,514 shares during the period. FMR LLC increased its stake in Delek US by 47.3% during the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company's stock valued at $32,021,000 after buying an additional 548,777 shares during the period. Finally, Barclays PLC increased its stake in Delek US by 51.5% during the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company's stock valued at $28,065,000 after buying an additional 508,719 shares during the period. 97.01% of the stock is currently owned by 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.