Delek US (NYSE:DK) Reaches New 12-Month Low at $18.25

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DK. JPMorgan Chase & Co. raised shares of Delek US from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $23.00 to $26.00 in a research report on Tuesday, September 10th. TD Cowen decreased their price objective on Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and lowered their price objective for the company from $28.00 to $26.00 in a research report on Monday, September 16th. Piper Sandler decreased their price objective on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Finally, Morgan Stanley cut their price target 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.73.

Delek US Stock Up 2.7 %

The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50. The company has a 50 day simple moving average of $20.60 and a two-hundred day simple moving average of $24.84. The company has a market capitalization of $1.24 billion, a P/E ratio of -15.34 and a beta of 1.14.

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

Delek US Increases Dividend

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

Insider Buying and Selling

In other Delek US news, CEO Avigal Soreq purchased 5,651 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $20.42 per share, with a total value of $115,393.42. Following the purchase, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Delek US

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

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.