Delek US (NYSE:DK) Trading Down 3.6%

Delek US Holdings, Inc. (NYSE:DK) fell 3.6% during mid-day trading on Friday . The company traded as low as $26.04 and last traded at $26.04. 171,295 shares were traded during trading, a decline of 88% from the average session volume of 1,450,410 shares. The stock had previously closed at $27.00.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DK. Mizuho lowered their price target on shares of Delek US from $33.00 to $27.00 and set an “underperform” rating for the company in a research report on Friday, October 6th. Raymond James decreased their target price on shares of Delek US from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 6th. StockNews.com initiated coverage on shares of Delek US in a report on Thursday, October 5th. They issued a “hold” rating for the company. Morgan Stanley decreased their target price on shares of Delek US from $27.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, July 18th. Finally, Piper Sandler lifted their target price on shares of Delek US from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Delek US presently has an average rating of “Hold” and an average target price of $28.60.

Delek US Price Performance

The firm’s 50-day moving average is $27.41 and its 200-day moving average is $25.18. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.10 and a quick ratio of 0.66. The company has a market capitalization of $1.69 billion, a P/E ratio of -32.11, a price-to-earnings-growth ratio of 1.33 and a beta of 1.39.

Delek US (NYSE:DK) last announced its earnings results on Monday, August 7th. The oil and gas company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.26. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.26 billion. Delek US had a negative net margin of 0.31% and a positive return on equity of 19.37%. The firm’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.40 earnings per share. Analysts predict that Delek US Holdings, Inc. will post 3.87 EPS for the current fiscal year.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.69%. This is a positive change from Delek US’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, November 10th. Delek US’s payout ratio is -116.05%.

Insider Activity at Delek US

In other Delek US news, Director Laurie Z. Tolson sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $26.67, for a total value of $72,009.00. Following the completion of the transaction, the director now directly owns 12,340 shares in the company, valued at $329,107.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Delek US

Hedge funds have recently modified their holdings of the stock. FMR LLC raised its stake in Delek US by 416.8% during the first quarter. FMR LLC now owns 1,532,222 shares of the oil and gas company’s stock valued at $35,164,000 after purchasing an additional 1,235,752 shares in the last quarter. Norges Bank purchased a new stake in Delek US during the fourth quarter valued at $28,471,000. Barclays PLC raised its stake in Delek US by 646.7% during the first quarter. Barclays PLC now owns 904,491 shares of the oil and gas company’s stock valued at $20,758,000 after purchasing an additional 783,355 shares in the last quarter. Victory Capital Management Inc. raised its stake in Delek US by 34.7% during the first quarter. Victory Capital Management Inc. now owns 2,666,178 shares of the oil and gas company’s stock valued at $61,189,000 after purchasing an additional 686,487 shares in the last quarter. Finally, State Street Corp raised its stake in Delek US by 17.4% during the second quarter. State Street Corp now owns 4,070,279 shares of the oil and gas company’s stock valued at $105,176,000 after purchasing an additional 603,680 shares in the last quarter. Hedge funds and other 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 three segments: Refining, Logistics, and Retail. 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.