Delek US (NYSE:DK) Reaches New 52-Week Low at $18.25

Delek US Holdings, Inc. (NYSE:DK)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.25 and last traded at $18.72, with a volume of 16925 shares. The stock had previously closed at $18.75.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DK shares. Wolfe Research began coverage on shares of Delek US in a research report on Thursday, July 18th. They set an “underperform” rating and a $19.00 target price for the company. Wells Fargo & Company raised their price objective on shares of Delek US from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Tuesday, September 3rd. StockNews.com downgraded Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. TD Cowen decreased their price target on Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Finally, Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $28.00 to $26.00 in a research report on Monday, September 16th. Five research analysts have rated the stock with a sell rating, seven 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 $24.09.

Delek US Stock Down 0.7 %

The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 2.50. The firm’s fifty day moving average price is $20.47 and its 200-day moving average price is $24.72. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -15.06 and a beta of 1.14.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $0.50. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.31 billion. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The company’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 earnings per share. Sell-side analysts predict that Delek US Holdings, Inc. will post -3.19 earnings per share for the current year.

Delek US Increases Dividend

The business 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. This represents a $1.02 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Monday, August 12th. This is a boost from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio is -82.26%.

Insider Activity at Delek US

In other news, CEO Avigal Soreq purchased 5,651 shares of the company’s stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $20.42 per share, with a total value of $115,393.42. Following the purchase, 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 is available at this link. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Delek US

A number of institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC raised its holdings in Delek US by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after acquiring an additional 580 shares in the last quarter. Shell Asset Management Co. raised its stake 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 purchasing an additional 628 shares in the last quarter. ProShare Advisors LLC raised its stake 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 worth $351,000 after purchasing an additional 754 shares in the last quarter. Thoroughbred Financial Services LLC boosted 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 valued at $1,247,000 after buying an additional 1,246 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Delek US by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock valued at $827,000 after buying an additional 1,282 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.