Delek US (NYSE:DK) Reaches New 1-Year Low - Should You Sell?

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.89 and last traded at $16.89, with a volume of 69648 shares. The stock had previously closed at $17.11.

Analyst Ratings Changes

Several analysts have commented on DK shares. Wolfe Research started coverage on shares of Delek US in a report on Thursday, July 18th. They issued an "underperform" rating and a $19.00 price objective for the company. TD Cowen dropped their price objective on shares of 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. cut their price objective on Delek US from $26.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, October 2nd. Mizuho raised shares of Delek US from an "underperform" rating to a "neutral" rating and reduced their target price for the stock from $28.00 to $26.00 in a report on Monday, September 16th. Finally, Bank of America began coverage on shares of Delek US in a report on Thursday. They set an "underperform" rating and a $15.00 price target on the stock. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Delek US presently has an average rating of "Hold" and a consensus price target of $22.00.

Delek US Stock Down 1.6 %

The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -13.39 and a beta of 1.13. The business has a 50-day moving average of $19.70 and a 200-day moving average of $23.67. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.50. The business had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.31 billion. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The company's revenue for the quarter was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 EPS. On average, sell-side analysts expect that Delek US Holdings, Inc. will post -3.79 EPS for the current year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a $0.255 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.06%. This is a positive change from Delek US's previous quarterly dividend of $0.20. Delek US's payout ratio is presently -82.26%.

Insider Buying and Selling

In other news, CEO Avigal Soreq acquired 5,651 shares of the business's stock in a transaction on Friday, August 9th. The stock was bought at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the transaction, the chief executive officer now owns 188,881 shares in the company, valued at $3,856,950.02. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Delek US

Hedge funds and other institutional investors have recently bought and sold shares of the company. Encompass Capital Advisors LLC purchased a new position in Delek US during the second quarter worth $22,833,000. Point72 Asset Management L.P. acquired a new position in Delek US in the 2nd quarter valued at $19,806,000. SIR Capital Management L.P. grew its position in shares of Delek US by 37.2% in the second quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company's stock valued at $21,693,000 after purchasing an additional 237,734 shares during the period. Acadian Asset Management LLC increased its stake in Delek US by 627.2% in the first quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company's stock valued at $8,191,000 after purchasing an additional 229,992 shares during the last quarter. Finally, Highland Peak Capital LLC purchased a new position in Delek US during the second quarter worth about $5,241,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.