Delek US (NYSE:DK) Sets New 1-Year Low at $18.25

Delek US Holdings, Inc. (NYSE:DK) reached a new 52-week low on Tuesday . The company traded as low as $18.25 and last traded at $18.72, with a volume of 16925 shares. The stock had previously closed at $18.75.

Wall Street Analyst Weigh In

DK has been the topic of several research analyst reports. TD Cowen dropped their price objective on Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. StockNews.com cut shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Mizuho upgraded shares of Delek US from an “underperform” rating to a “neutral” rating and reduced their price target for the stock from $28.00 to $26.00 in a research report on Monday, September 16th. Piper Sandler lowered their price target on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Finally, Morgan Stanley reduced their price objective on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, September 16th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.73.

Delek US Stock Up 2.7 %

The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -15.34 and a beta of 1.14. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58. The business has a fifty day moving average of $20.60 and a 200 day moving average of $24.84.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.50. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.31 billion. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. Delek US’s revenue was down 18.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. As a group, equities analysts predict that Delek US Holdings, Inc. will post -3.19 earnings per share for the current year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were given a dividend of $0.255 per share. The ex-dividend date was Monday, August 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.30%. This is a boost from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio (DPR) is presently -82.26%.

Insider Activity at Delek US

In other news, CEO Avigal Soreq acquired 5,651 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the acquisition, the chief executive officer now owns 188,881 shares of the company’s stock, valued at $3,856,950.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Delek US

Several large investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Delek US in the second quarter worth $223,000. Point72 Asset Management L.P. acquired a new stake in shares of Delek US in the second quarter valued at $19,806,000. Quarry LP purchased a new position in Delek US in the second quarter valued at $43,000. Creative Planning grew its stake in Delek US by 126.8% during the 2nd quarter. Creative Planning now owns 19,135 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 10,697 shares in the last quarter. Finally, Algert Global LLC increased its holdings in Delek US by 71.5% during the 2nd quarter. Algert Global LLC now owns 140,623 shares of the oil and gas company’s stock worth $3,482,000 after purchasing an additional 58,627 shares during the period. 97.01% of the stock is owned by hedge funds and other 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.