Delek US (NYSE:DK) Stock Price Down 5% – What’s Next?

Delek US Holdings, Inc. (NYSE:DK)’s share price dropped 5% during mid-day trading on Tuesday . The company traded as low as $18.94 and last traded at $18.82. Approximately 227,910 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 1,013,355 shares. The stock had previously closed at $19.81.

Wall Street Analyst Weigh In

DK has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target 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. Scotiabank reduced their price target on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Mizuho reduced their price target 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. 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, Wells Fargo & Company cut their price objective 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. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.00.

Delek US Stock Performance

The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -3.82 and a beta of 1.22. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The company’s 50 day simple moving average is $18.37 and its 200 day simple moving average is $19.33.

Delek US (NYSE:DK) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.71) by $0.26. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. Delek US’s quarterly revenue was down 34.3% on a year-over-year basis. During the same quarter last year, the company earned $2.02 EPS. On average, equities research analysts anticipate that Delek US Holdings, Inc. will post -5.33 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.50%. Delek US’s dividend payout ratio is currently -20.99%.

Hedge Funds Weigh In On Delek US

Hedge funds have recently made changes to their positions in the business. Clifford Capital Partners LLC acquired a new position in shares of Delek US in the third quarter worth about $7,504,000. Point72 Asset Management L.P. acquired a new position in shares of Delek US in the second quarter worth about $19,806,000. International Assets Investment Management LLC boosted its holdings in shares of Delek US by 1,753.2% in the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock worth $12,160,000 after buying an additional 613,514 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Delek US by 76.8% in the third quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company’s stock worth $9,041,000 after buying an additional 209,474 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Delek US by 4.5% in 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 buying an additional 63,502 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.