Delek US (NYSE:DK) Shares Down 4.7% - Here's Why

Key Points

• Delek US Holdings, Inc. (NYSE:DK) shares experienced a 4.7% decline, trading at $30.52 with a significant drop in volume, down 92% from the average.
• Analysts have mixed ratings for the stock, with Wolfe Research upgrading it to "outperform" and a consensus rating of "Hold," while Weiss Ratings issued a "sell" rating.
• The company reported quarterly earnings with an EPS of ($0.56), beating expectations, but revenue decreased by 16.4% year-over-year, reflecting ongoing financial challenges.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) shares dropped 4.7% during trading on Tuesday . The stock traded as low as $30.90 and last traded at $30.52. Approximately 144,433 shares traded hands during trading, a decline of 92% from the average daily volume of 1,737,049 shares. The stock had previously closed at $32.02.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DK shares. Wolfe Research raised Delek US from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research note on Wednesday, September 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Delek US in a research note on Saturday, September 27th. Piper Sandler boosted their price objective on Delek US from $29.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. The Goldman Sachs Group boosted their price objective on Delek US from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Monday, September 15th. Finally, Cowen raised Delek US from a "sell" rating to a "hold" rating in a research note on Friday, September 19th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $27.69.

Delek US Price Performance

The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 10.48. The stock has a market cap of $1.85 billion, a PE ratio of -2.51 and a beta of 1.01. The company has a fifty day moving average of $27.31 and a 200-day moving average of $21.45.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.36. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.68 billion. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company's quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.92) EPS. Sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a dividend of $0.255 per share. The ex-dividend date was Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 3.3%. Delek US's dividend payout ratio is -8.30%.

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total transaction of $208,627.40. Following the sale, the chief financial officer owned 48,294 shares in the company, valued at $1,412,116.56. This represents a 12.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. AlphaQuest LLC increased its holdings in shares of Delek US by 7,331.8% in the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 1,613 shares during the last quarter. CWM LLC increased its holdings in shares of Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 1,164 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in shares of Delek US in the 1st quarter valued at about $47,000. GAMMA Investing LLC increased its holdings in shares of Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after acquiring an additional 3,746 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Delek US in the 1st quarter valued at about $95,000. 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 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.

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