Delek US (NYSE:DK) Stock Price Down 4% - Should You Sell?

Key Points

• Delek US Holdings, Inc. experienced a 4% decline in stock price, trading at $28.52, with a significant drop in trading volume compared to its average.
• Wall Street analysts have mixed ratings on Delek US, with price targets ranging from $20.00 to $34.00, and a majority recommending a Hold rating.
• The company reported a negative earnings per share of ($0.56) for the last quarter, while also declaring a quarterly dividend of $0.255 per share, indicating a yield of 3.6% despite posting a year-over-year revenue decline.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) shares traded down 4% during mid-day trading on Thursday . The stock traded as low as $28.55 and last traded at $28.52. 1,442,785 shares changed hands during trading, a decline of 16% from the average session volume of 1,721,280 shares. The stock had previously closed at $29.71.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DK shares. Raymond James Financial upped their price target on Delek US from $26.00 to $33.00 and gave the stock an "outperform" rating in a research note on Tuesday. Piper Sandler increased their target price on Delek US from $29.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday. Scotiabank reaffirmed a "sector perform" rating and set a $20.00 price target (up from $14.00) on shares of Delek US in a report on Friday, July 11th. Morgan Stanley upped their price target on Delek US from $15.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, July 16th. Finally, UBS Group upped their price target on Delek US from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $24.69.

Delek US Stock Performance

The company has a debt-to-equity ratio of 10.48, a current ratio of 0.80 and a quick ratio of 0.50. The business has a 50-day simple moving average of $24.75 and a 200 day simple moving average of $19.37. The firm has a market cap of $1.72 billion, a PE ratio of -2.33 and a beta of 1.09.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) EPS for the quarter, topping analysts' consensus estimates of ($0.92) by $0.36. The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.68 billion. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The business's quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.92) earnings per share. Equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The company 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. This represents a $1.02 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, August 11th. Delek US's dividend payout ratio (DPR) is currently -8.30%.

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total transaction of $208,627.40. Following the completion of the transaction, the chief financial officer owned 48,294 shares in the company, valued at $1,412,116.56. This trade represents a 12.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Delek US

A number of institutional investors and hedge funds have recently modified their holdings of DK. Northern Trust Corp lifted its stake in shares of 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. Ameriprise Financial Inc. lifted its stake in shares of 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. Deutsche Bank AG raised its position in Delek US by 39.2% during the 4th quarter. Deutsche Bank AG now owns 448,119 shares of the oil and gas company's stock valued at $8,290,000 after purchasing an additional 126,222 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Delek US by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company's stock valued at $668,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Millennium Management LLC raised its position in Delek US by 1,199.2% during the 4th quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company's stock valued at $16,100,000 after purchasing an additional 803,274 shares in the last quarter. 97.01% of the stock is owned by 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.

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