Delek US (NYSE:DK) Trading Down 8.1% - Here's Why

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) traded down 8.1% during mid-day trading on Thursday . The company traded as low as $22.88 and last traded at $22.65. 1,165,313 shares were traded during trading, a decline of 27% from the average session volume of 1,586,443 shares. The stock had previously closed at $24.64.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a report on Wednesday, June 11th. Raymond James Financial lifted their price target on shares of Delek US from $23.00 to $28.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. The Goldman Sachs Group lifted their price target 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. Mizuho raised shares of 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 report on Tuesday, May 13th. Finally, Piper Sandler boosted their target price on shares of Delek US from $17.00 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Delek US currently has an average rating of "Hold" and an average price target of $20.60.

Delek US Stock 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 market capitalization of $1.42 billion, a PE ratio of -2.10 and a beta of 0.98. The firm's fifty day moving average price is $21.69 and its two-hundred day moving average price is $17.96.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The business 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 quarterly revenue was down 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.41) EPS. As a group, equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were given a $0.255 dividend. 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 4.37%. Delek US's dividend payout ratio (DPR) is presently -9.18%.

Institutional Investors Weigh In On Delek US

Hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC boosted 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 worth $28,000 after buying an additional 1,311 shares during the last quarter. CWM LLC increased its holdings in shares of 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 last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Delek US in the 1st quarter valued at approximately $47,000. GAMMA Investing LLC increased its holdings in shares of Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after acquiring an additional 3,746 shares during the last quarter. Finally, State of Wyoming acquired a new position in Delek US during the 1st quarter valued at approximately $95,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.