Delek US (NYSE:DK) Trading Down 4.7% - Should You Sell?

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) was down 4.7% on Wednesday . The stock traded as low as $18.36 and last traded at $18.40. Approximately 338,363 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 1,536,954 shares. The stock had previously closed at $19.30.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DK shares. Morgan Stanley increased their price objective on shares of Delek US from $14.00 to $15.00 and gave the company an "underweight" rating in a report on Monday, May 19th. UBS Group cut their price objective on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $22.00 to $23.00 in a report on Tuesday, May 13th. Raymond James cut their price objective on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group increased their price objective on shares of Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.27.

Delek US Price Performance

The company's 50-day moving average price is $15.25 and its 200-day moving average price is $16.81. 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 company has a market cap of $1.16 billion, a P/E ratio of -3.93 and a beta of 0.74.

Delek US (NYSE:DK - Get Free Report) last released its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.56 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm's revenue for the quarter was down 18.1% on a year-over-year basis. During the same period last year, the business posted ($0.41) EPS. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 5.34%. The ex-dividend date was Monday, May 12th. Delek US's dividend payout ratio (DPR) is -9.18%.

Insiders Place Their Bets

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 5,055 shares of company stock worth $70,787 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently added to or reduced their stakes in the stock. Kawa Capital Management Inc bought a new stake in Delek US during the 4th quarter worth approximately $4,297,000. Ameriprise Financial Inc. grew its holdings in Delek US by 14.4% during the 4th quarter. Ameriprise Financial Inc. now owns 792,111 shares of the oil and gas company's stock worth $14,654,000 after acquiring an additional 99,521 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Delek US during the 4th quarter worth approximately $528,000. Northern Trust Corp grew its holdings in Delek US by 8.0% during the 4th quarter. Northern Trust Corp now owns 903,840 shares of the oil and gas company's stock worth $16,721,000 after acquiring an additional 66,815 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Delek US by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company's stock worth $14,186,000 after purchasing an additional 45,017 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.