Delek US (NYSE:DK) Reaches New 52-Week Low Following Analyst Downgrade

Delek US Holdings, Inc. (NYSE:DK) shares reached a new 52-week low during mid-day trading 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 changing hands. The stock had previously closed at $16.40.

Several other analysts also recently issued reports on DK. Mizuho dropped their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, Delek US presently has a consensus rating of “Hold” and a consensus price target of $20.90.

Hedge Funds Weigh In On Delek US

Several hedge funds have recently modified their holdings of DK. Sterling Capital Management LLC grew its holdings in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 1,311 shares during the period. KBC Group NV grew its holdings in Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 1,538 shares during the period. Farther Finance Advisors LLC grew its holdings in Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,508 shares during the period. ARS Investment Partners LLC bought a new position in Delek US during the fourth quarter worth about $185,000. Finally, Capstone Investment Advisors LLC bought a new position in Delek US during the third quarter worth about $193,000. Institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

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 firm has a market cap of $1.00 billion, a P/E ratio of -3.26 and a beta of 1.20. The business has a fifty day moving average of $18.15 and a 200 day moving average of $18.57.

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

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date is Monday, March 3rd. Delek US’s dividend payout ratio is presently -11.54%.

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.