Delek US (NYSE:DK) Stock Price Down 2.9% - Should You Sell?

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) was down 2.9% on Wednesday . The company traded as low as $22.15 and last traded at $22.10. Approximately 458,634 shares changed hands during trading, a decline of 66% from the average daily volume of 1,340,819 shares. The stock had previously closed at $22.77.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DK shares. Piper Sandler lowered their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. The Goldman Sachs Group upped their target price on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Mizuho raised Delek US from a "neutral" rating to an "outperform" rating and upped their target price for the company from $22.00 to $23.00 in a research report on Tuesday, May 13th. UBS Group decreased their target price on Delek US from $21.00 to $13.25 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Finally, Raymond James Financial cut their target price on Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.60.

Delek US Stock Performance

The stock has a fifty day simple moving average of $17.05 and a two-hundred day simple moving average of $16.95. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.53 and a current ratio of 0.85. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -1.96 and a beta of 0.96.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.56 billion. Delek US had a negative return on equity of 63.88% and a negative net margin of 6.10%. Delek US's revenue was down 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.41) earnings per share. Analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's dividend payout ratio (DPR) is currently -9.18%.

Hedge Funds Weigh In On Delek US

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rafferty Asset Management LLC raised its stake in Delek US by 0.7% in the 4th quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock valued at $2,122,000 after acquiring an additional 797 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Delek US by 3.1% in the 1st 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 acquiring an additional 1,102 shares during the period. CWM LLC raised its stake in 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 period. Sei Investments Co. raised its stake in Delek US by 2.3% in the 4th quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock valued at $973,000 after acquiring an additional 1,192 shares during the period. Finally, Sterling Capital Management LLC raised its stake in Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 1,311 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.