Delek US (NYSE:DK) Reaches New 1-Year Low – Here’s Why

Delek US Holdings, Inc. (NYSE:DK) shares reached a new 52-week low on Thursday . The company traded as low as $13.34 and last traded at $13.52, with a volume of 659494 shares. The stock had previously closed at $15.48.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Morgan Stanley dropped their price target on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. lifted their price objective 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 decreased their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Piper Sandler reduced their price target on Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Five analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.40.

Delek US Stock Down 16.5 %

The firm has a 50-day moving average price of $16.81 and a two-hundred day moving average price of $17.77. The company has a market capitalization of $807.98 million, a P/E ratio of -2.66 and a beta of 1.14. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

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). The firm 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 company’s revenue was down 39.8% on a year-over-year basis. During the same period last year, the company earned ($1.46) EPS. Equities research 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 announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 7.89%. Delek US’s payout ratio is currently -11.54%.

Insiders Place Their Bets

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders acquired a total of 5,055 shares of company stock worth $70,787 over the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Delek US

Several hedge funds have recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Delek US during the 4th quarter valued at $3,982,000. Mackenzie Financial Corp increased its stake in shares of Delek US by 67.8% in the fourth quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company’s stock valued at $733,000 after buying an additional 16,009 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in Delek US during the 4th quarter worth about $363,000. Public Employees Retirement System of Ohio bought a new stake in Delek US during the 4th quarter worth about $780,000. Finally, GTS Securities LLC acquired a new stake in Delek US in the 4th quarter valued at about $390,000. Institutional investors and hedge funds 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.