Delek US (NYSE:DK) Stock Price Down 2.9% - Time to Sell?

Delek US Holdings, Inc. (NYSE:DK - Get Free Report)'s stock price fell 2.9% during mid-day trading on Wednesday . The company traded as low as $22.15 and last traded at $22.10. 458,634 shares were traded during mid-day trading, a decline of 66% from the average session volume of 1,340,819 shares. The stock had previously closed at $22.77.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Morgan Stanley boosted their price objective on Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Piper Sandler decreased their price objective on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. The Goldman Sachs Group boosted their target price on Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Mizuho upgraded Delek US from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $22.00 to $23.00 in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their target price on Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 11th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Delek US presently has a consensus rating of "Hold" and a consensus target price of $17.60.

Delek US Price Performance

The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 7.05. The stock has a 50-day moving average price of $16.51 and a 200 day moving average price of $16.89. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -1.95 and a beta of 0.96.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing the consensus estimate of ($2.27) by ($0.05). The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative return on equity of 63.88% and a negative net margin of 6.10%. The business's revenue was down 18.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.41) EPS. As a group, equities research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.71%. Delek US's payout ratio is currently -9.18%.

Hedge Funds Weigh In On Delek US

Large investors have recently bought and sold shares of the stock. Rafferty Asset Management LLC grew its holdings in Delek US by 0.7% during the 4th quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock worth $2,122,000 after acquiring an additional 797 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Delek US by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company's stock valued at $560,000 after purchasing an additional 1,102 shares in the last quarter. CWM LLC lifted its stake in Delek US by 100.9% in the first 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. Sei Investments Co. lifted its stake in shares of Delek US by 2.3% in the fourth quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock worth $973,000 after buying an additional 1,192 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 1,311 shares during the period. Hedge funds and other 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.

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