Delek US (NYSE:DK) Hits New 1-Year Low – Time to Sell?

Delek US Holdings, Inc. (NYSE:DK)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $13.41 and last traded at $13.58, with a volume of 1955258 shares. The stock had previously closed at $14.26.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DK shares. Wells Fargo & Company decreased their price target on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 26th. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler cut their price objective on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Mizuho cut their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.70.

Delek US Price Performance

The company’s fifty day moving average is $17.74 and its 200 day moving average is $18.17. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The stock has a market cap of $897.37 million, a PE ratio of -2.95 and a beta of 1.15.

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

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.255 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 7.11%. Delek US’s dividend payout ratio is currently -11.54%.

Institutional Trading of Delek US

A number of hedge funds have recently made changes to their positions in DK. US Bancorp DE raised its stake in shares of Delek US by 691.5% during the third quarter. US Bancorp DE now owns 16,195 shares of the oil and gas company’s stock valued at $304,000 after purchasing an additional 14,149 shares during the period. Victory Capital Management Inc. raised its stake in shares of Delek US by 17.2% during the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock valued at $61,492,000 after purchasing an additional 480,614 shares during the period. MQS Management LLC acquired a new stake in shares of Delek US during the third quarter worth approximately $201,000. Empowered Funds LLC grew its position in shares of Delek US by 5.3% during the third quarter. Empowered Funds LLC now owns 319,587 shares of the oil and gas company’s stock worth $5,992,000 after buying an additional 16,214 shares in the last quarter. Finally, Quest Partners LLC grew its position in shares of Delek US by 279.4% during the third quarter. Quest Partners LLC now owns 22,163 shares of the oil and gas company’s stock worth $416,000 after buying an additional 16,321 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.