Delek US (NYSE:DK) Shares Gap Down – Should You Sell?

Delek US Holdings, Inc. (NYSE:DK) shares gapped down before the market opened on Monday . The stock had previously closed at $47.22, but opened at $44.35. Delek US shares last traded at $44.4740, with a volume of 49,640 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Raymond James Financial increased their price objective on shares of Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, March 25th. Morgan Stanley upped their target price on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday. Citigroup upped their target price on shares of Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. UBS Group upped their target price on shares of Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Finally, TD Cowen decreased their target price on shares of Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

Delek US Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The company has a market capitalization of $2.73 billion, a PE ratio of -49.03, a price-to-earnings-growth ratio of 0.32 and a beta of 0.60. The stock’s 50-day moving average is $44.02 and its two-hundred day moving average is $38.26.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the company posted ($2.32) EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts predict that Delek US Holdings, Inc. will post 5.01 EPS for the current year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s dividend payout ratio is -112.09%.

Insider Buying and Selling at Delek US

In related news, Director William J. Finnerty sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $45.50, for a total value of $227,500.00. Following the transaction, the director owned 41,369 shares of the company’s stock, valued at $1,882,289.50. This represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laurie Z. Tolson sold 4,921 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $46.30, for a total value of $227,842.30. Following the completion of the transaction, the director directly owned 18,226 shares in the company, valued at approximately $843,863.80. This trade represents a 21.26% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 46,613 shares of company stock valued at $2,136,496. 3.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Delek US by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after purchasing an additional 38,577 shares in the last quarter. Ion Asset Management Ltd. grew its stake in Delek US by 1.8% in the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock worth $79,296,000 after purchasing an additional 67,490 shares in the last quarter. State Street Corp grew its stake in Delek US by 3.4% in the fourth quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock worth $78,286,000 after purchasing an additional 87,846 shares in the last quarter. Morgan Stanley grew its stake in Delek US by 24.7% in the fourth quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock worth $60,300,000 after purchasing an additional 403,059 shares in the last quarter. Finally, Barclays PLC increased its holdings in Delek US by 29.4% during the third quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after buying an additional 425,896 shares during the period. Institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.