Delek US (NYSE:DK) Hits New 12-Month Low at $19.13

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $19.13 and last traded at $19.23, with a volume of 84956 shares. The stock had previously closed at $19.52.

Analyst Upgrades and Downgrades

DK has been the subject of a number of research analyst reports. StockNews.com lowered Delek US from a "hold" rating to a "sell" rating in a report on Thursday. Mizuho decreased their price objective on Delek US from $31.00 to $27.00 and set an "underperform" rating for the company in a research report on Thursday, June 20th. TD Cowen dropped their target price on Delek US from $19.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Delek US from $25.00 to $23.00 and set an "underweight" rating for the company in a report on Tuesday, July 2nd. Finally, Piper Sandler lowered their price objective on shares of Delek US from $30.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, June 14th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Delek US has a consensus rating of "Hold" and an average target price of $25.40.

Delek US Trading Down 3.9 %

The company has a fifty day simple moving average of $21.67 and a two-hundred day simple moving average of $25.57. The company has a market capitalization of $1.21 billion, a P/E ratio of -15.13 and a beta of 1.14. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the company earned $1.00 EPS. The company's revenue for the quarter was down 18.4% on a year-over-year basis. On average, analysts forecast that Delek US Holdings, Inc. will post -2.87 earnings per share for the current fiscal year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were issued a dividend of $0.255 per share. This is an increase from Delek US's previous quarterly dividend of $0.20. This represents a $1.02 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Monday, August 12th. Delek US's dividend payout ratio is currently -82.26%.

Insider Buying and Selling

In other Delek US news, CEO Avigal Soreq purchased 5,651 shares of the stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $20.42 per share, with a total value of $115,393.42. Following the completion of the transaction, the chief executive officer now owns 188,881 shares in the company, valued at approximately $3,856,950.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Richard J. Marcogliese bought 2,750 shares of the business's stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the purchase, the director now directly owns 42,863 shares in the company, valued at $1,028,283.37. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Avigal Soreq purchased 5,651 shares of Delek US stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $20.42 per share, with a total value of $115,393.42. Following the completion of the acquisition, the chief executive officer now owns 188,881 shares in the company, valued at $3,856,950.02. The disclosure for this purchase can be found here. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Delek US

Hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC lifted its position in Delek US by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company's stock worth $813,000 after purchasing an additional 580 shares during the period. Shell Asset Management Co. lifted its holdings in shares of Delek US by 6.8% during the 1st quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company's stock worth $304,000 after acquiring an additional 628 shares during the period. ProShare Advisors LLC boosted its position in shares of Delek US by 7.1% during the 1st quarter. ProShare Advisors LLC now owns 11,412 shares of the oil and gas company's stock valued at $351,000 after acquiring an additional 754 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Delek US in the first quarter valued at about $31,000. Finally, Thoroughbred Financial Services LLC raised its position in Delek US by 2.5% in the second quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company's stock worth $1,247,000 after purchasing an additional 1,246 shares in the last quarter. Institutional investors 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.