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

Delek US Holdings, Inc. (NYSE:DK) hit a new 52-week low 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. The stock had previously closed at $16.40.

A number of other equities research analysts also recently weighed in on DK. Mizuho dropped 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. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.90.

Institutional Investors Weigh In On Delek US

Several large investors have recently bought and sold shares of DK. Sterling Capital Management LLC increased its stake in 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 in the last quarter. KBC Group NV increased its stake in Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 1,538 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 1,508 shares in the last quarter. ARS Investment Partners LLC acquired a new position in shares of Delek US in the fourth quarter valued at approximately $185,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Delek US in the third quarter valued at approximately $193,000. Institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

The company has a market cap of $1.03 billion, a price-to-earnings ratio of -3.36 and a beta of 1.20. 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 company’s fifty day moving average price is $18.16 and its two-hundred day moving average price is $18.54.

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

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is presently -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.