Delek US (NYSE:DK) Shares Down 3.4% – Time to Sell?

Delek US Holdings, Inc. (NYSE:DK) shares were down 3.4% during mid-day trading on Wednesday . The company traded as low as $18.45 and last traded at $18.45. Approximately 53,022 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 1,072,466 shares. The stock had previously closed at $19.09.

Analysts Set New Price Targets

A number of analysts have issued reports on DK shares. Bank of America started coverage on Delek US in a report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 target price on the stock. Piper Sandler cut their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. TD Cowen dropped their target price on Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company dropped their target price on Delek US from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com downgraded Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.00.

Delek US Trading Down 2.9 %

The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -3.93 and a beta of 1.22. The business has a 50 day simple moving average of $18.17 and a 200-day simple moving average of $21.08.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company’s quarterly revenue was down 34.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.02 earnings per share. As a group, equities analysts expect that Delek US Holdings, Inc. will post -4.4 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a $0.255 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.50%. Delek US’s dividend payout ratio (DPR) is -20.99%.

Institutional Trading of Delek US

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new stake in Delek US during the second quarter worth about $43,000. Farther Finance Advisors LLC raised its stake in Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 1,508 shares during the period. Capstone Investment Advisors LLC bought a new stake in Delek US in the third quarter valued at approximately $193,000. Bailard Inc. bought a new stake in Delek US in the second quarter valued at approximately $201,000. Finally, MQS Management LLC bought a new stake in Delek US in the third quarter valued at approximately $201,000. Institutional investors 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.