Delek US (NYSE:DK) Reaches New 52-Week Low at $19.13

Delek US Holdings, Inc. (NYSE:DK)’s stock price 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 trading hands. The stock had previously closed at $19.52.

Analyst Ratings Changes

DK has been the subject of several recent research reports. Wolfe Research initiated coverage on Delek US in a research report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price target for the company. Scotiabank reduced their target price on shares of Delek US from $27.00 to $25.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Mizuho decreased their price target on shares of Delek US from $31.00 to $27.00 and set an “underperform” rating on the stock in a research note on Thursday, June 20th. Piper Sandler cut their price objective on shares of Delek US from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. upgraded shares of Delek US from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $23.00 to $26.00 in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.70.

Delek US Stock Performance

The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. The company has a 50 day moving average price of $21.57 and a 200 day moving average price of $25.51. The company has a market capitalization of $1.25 billion, a PE ratio of -15.60 and a beta of 1.14.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, topping the consensus estimate of ($1.42) by $0.50. The business had revenue of $3.42 billion for 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 quarterly revenue was down 18.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 earnings per share. Equities analysts forecast that Delek US Holdings, Inc. will post -2.87 EPS for the current year.

Delek US Increases Dividend

The firm also recently declared 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 of this dividend was Monday, August 12th. This is a positive change from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 annualized dividend and a dividend yield of 5.27%. Delek US’s payout ratio is -82.26%.

Insiders Place Their Bets

In related news, CEO Avigal Soreq acquired 5,651 shares of Delek US stock in a transaction that occurred on Friday, August 9th. The stock was acquired 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 directly owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Delek US

Hedge funds and other institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC lifted its holdings in shares of 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 valued at $813,000 after buying an additional 580 shares during the period. Shell Asset Management Co. lifted its holdings in Delek US by 6.8% in the 1st quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company’s stock valued at $304,000 after acquiring an additional 628 shares during the last quarter. 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 purchasing an additional 754 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Delek US in the 1st quarter worth approximately $31,000. Finally, Thoroughbred Financial Services LLC raised its holdings in shares of Delek US by 2.5% in the 2nd 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. 97.01% of the stock is currently owned by institutional investors.

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.