Delek US Holdings, Inc. (NYSE:DK - Get Free Report) dropped 8.1% on Thursday . The company traded as low as $22.88 and last traded at $22.65. Approximately 1,165,313 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 1,586,443 shares. The stock had previously closed at $24.64.
Analyst Ratings Changes
DK has been the subject of a number of research analyst reports. Raymond James Financial upped their target price on shares of Delek US from $23.00 to $28.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. UBS Group reduced their target price on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 target price (up from $14.00) on shares of Delek US in a research note on Friday, July 11th. Wells Fargo & Company upped their target price on shares of Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 11th. Finally, Mizuho raised shares of Delek US from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $22.00 to $23.00 in a research note on Tuesday, May 13th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $20.60.
Check Out Our Latest Analysis on DK
Delek US Stock Performance
The stock's 50 day moving average price is $21.69 and its 200 day moving average price is $17.97. 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 company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -2.04 and a beta of 0.98.
Delek US (NYSE:DK - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $2.56 billion. Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The firm's revenue for the quarter was down 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.41) earnings per share. 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. Stockholders of record on Monday, May 12th were issued a $0.255 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.50%. Delek US's payout ratio is -9.18%.
Institutional Investors Weigh In On Delek US
A number of institutional investors and hedge funds have recently modified their holdings of the company. Ion Asset Management Ltd. raised its holdings in shares of Delek US by 6.4% in the 1st quarter. Ion Asset Management Ltd. now owns 3,676,400 shares of the oil and gas company's stock valued at $55,403,000 after purchasing an additional 221,400 shares during the period. Barclays PLC raised its holdings in shares of Delek US by 23.1% in the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock valued at $34,078,000 after purchasing an additional 345,210 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Delek US by 35.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,037,599 shares of the oil and gas company's stock valued at $15,637,000 after purchasing an additional 270,792 shares during the period. Nuveen Asset Management LLC raised its holdings in Delek US by 21.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company's stock valued at $18,598,000 after acquiring an additional 180,498 shares during the period. Finally, Northern Trust Corp raised its holdings in Delek US by 9.2% in the 1st quarter. Northern Trust Corp now owns 987,086 shares of the oil and gas company's stock valued at $14,875,000 after acquiring an additional 83,246 shares during the period. 97.01% of the stock is owned by institutional investors.
About Delek US
(
Get Free Report)
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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