Delek US (NYSE:DK) Trading Down 2.8%

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) was down 2.8% on Monday . The stock traded as low as $32.28 and last traded at $32.45. Approximately 248,552 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 1,045,019 shares. The stock had previously closed at $33.39.

Wall Street Analyst Weigh In

DK has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Delek US from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, March 15th. Wells Fargo & Company raised their target price on shares of Delek US from $21.00 to $26.00 and gave the company an "underweight" rating in a research note on Wednesday, March 20th. Citigroup began coverage on shares of Delek US in a research report on Wednesday, January 24th. They set a "neutral" rating for the company. TD Cowen increased their price target on Delek US from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Wednesday, February 28th. Finally, Mizuho boosted their price objective on Delek US from $26.00 to $30.00 and gave the stock an "underperform" rating in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Delek US has a consensus rating of "Hold" and an average target price of $28.75.

Delek US Stock Performance

The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 147.14 and a beta of 1.32. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. The company has a 50 day moving average of $28.41 and a 200 day moving average of $27.10.

Delek US (NYSE:DK - Get Free Report) last released its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.28) by ($0.18). The business had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.55 billion. Delek US had a net margin of 0.12% and a return on equity of 18.27%. The business's quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. As a group, equities research analysts expect that Delek US Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 1st were given a $0.245 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.98 annualized dividend and a dividend yield of 3.03%. This is an increase from Delek US's previous quarterly dividend of $0.24. Delek US's payout ratio is presently 445.45%.

Insider Activity

In other news, CFO Robert G. Wright sold 2,123 shares of Delek US stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $28.50, for a total value of $60,505.50. Following the completion of the transaction, the chief financial officer now owns 18,925 shares in the company, valued at approximately $539,362.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 4,226 shares of company stock worth $116,418. 0.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DK. Quadrature Capital Ltd bought a new stake in shares of Delek US in the 4th quarter worth approximately $406,000. GSA Capital Partners LLP increased its position in Delek US by 191.6% in the fourth quarter. GSA Capital Partners LLP now owns 138,332 shares of the oil and gas company's stock worth $3,569,000 after buying an additional 90,894 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Delek US by 62.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 41,700 shares of the oil and gas company's stock valued at $1,076,000 after buying an additional 15,960 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Delek US by 1.0% during the fourth quarter. Legal & General Group Plc now owns 71,345 shares of the oil and gas company's stock valued at $1,841,000 after acquiring an additional 683 shares during the period. Finally, Barclays PLC grew its position in shares of Delek US by 16.4% during the fourth quarter. Barclays PLC now owns 1,293,161 shares of the oil and gas company's stock worth $33,364,000 after acquiring an additional 182,674 shares during the last quarter. 97.01% of the stock is currently 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.