Delek US (NYSE:DK) Hits New 52-Week Low on Analyst Downgrade

Delek US Holdings, Inc. (NYSE:DK) shares hit a new 52-week low during trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $17.00 to $15.00. Wells Fargo & Company currently has an underweight rating on the stock. Delek US traded as low as $15.09 and last traded at $15.14, with a volume of 3000718 shares traded. The stock had previously closed at $16.40.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Mizuho cut their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Five analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, Delek US currently has a consensus rating of “Hold” and a consensus target price of $20.90.

Hedge Funds Weigh In On Delek US

Several large investors have recently modified their holdings of DK. Sterling Capital Management LLC raised its position in shares of Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 1,311 shares during the period. KBC Group NV increased its position in Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 1,538 shares during the period. Farther Finance Advisors LLC increased its position in Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 1,508 shares during the period. ARS Investment Partners LLC bought a new position in Delek US during the fourth quarter worth about $185,000. Finally, Capstone Investment Advisors LLC bought a new position in Delek US during the third quarter worth about $193,000. 97.01% of the stock is owned by institutional investors.

Delek US Trading Up 2.9 %

The firm has a market capitalization of $1.03 billion, a P/E ratio of -3.36 and a beta of 1.20. The business’s 50-day moving average is $18.16 and its 200 day moving average is $18.54. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the business posted ($1.46) earnings per share. Delek US’s revenue was down 39.8% compared to the same quarter last year. As a group, analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Monday, March 3rd. Delek US’s dividend payout ratio is -11.54%.

Delek US Company Profile

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.