Delek US (NYSE:DK) Reaches New 12-Month Low at $20.52

Shares of Delek US Holdings, Inc. (NYSE:DK) reached a new 52-week low on Monday . The stock traded as low as $20.52 and last traded at $20.76, with a volume of 34465 shares. The stock had previously closed at $21.82.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DK. Wolfe Research began coverage on Delek US in a report on Thursday, July 18th. They issued an “underperform” rating and a $19.00 price target for the company. TD Cowen downgraded shares of Delek US from a “hold” rating to a “sell” rating and dropped their target price for the stock from $25.00 to $20.00 in a report on Monday, June 10th. Mizuho reduced their price target on shares of Delek US from $31.00 to $27.00 and set an “underperform” rating for the company in a report on Thursday, June 20th. Piper Sandler dropped their price objective on shares of Delek US from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Finally, JPMorgan Chase & Co. lowered their target price on Delek US from $25.00 to $23.00 and set an “underweight” rating for the company in a report on Tuesday, July 2nd. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Delek US currently has an average rating of “Hold” and a consensus price target of $25.50.

Delek US Stock Performance

The stock has a market capitalization of $1.38 billion, a P/E ratio of -17.60 and a beta of 1.19. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 2.40. The stock has a 50 day simple moving average of $23.95 and a two-hundred day simple moving average of $26.75.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.28 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The firm’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 earnings per share. On average, equities analysts forecast that Delek US Holdings, Inc. will post -2.83 EPS for the current fiscal year.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 12th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.02 dividend on an annualized basis and a yield of 4.74%. This is a boost from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio (DPR) is presently -80.65%.

Insider Transactions at Delek US

In other news, Director Richard J. Marcogliese purchased 2,750 shares of Delek US stock in a transaction that occurred on Wednesday, June 12th. The stock was acquired at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the purchase, the director now directly owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 2,854 shares of company stock worth $71,078. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Delek US

Institutional investors have recently made changes to their positions in the stock. River Road Asset Management LLC lifted its holdings in shares of Delek US by 510.1% during the 4th quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock worth $96,675,000 after acquiring an additional 3,132,971 shares during the period. International Assets Investment Management LLC raised its stake in Delek US by 2,421.9% during the fourth quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock worth $24,195,000 after acquiring an additional 900,600 shares in the last quarter. Norges Bank bought a new position in shares of Delek US in the fourth quarter worth about $16,341,000. Acadian Asset Management LLC boosted its stake in shares of Delek US by 627.2% in the 1st quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company’s stock valued at $8,191,000 after purchasing an additional 229,992 shares in the last quarter. Finally, F M Investments LLC bought a new stake in shares of Delek US during the 2nd quarter valued at approximately $4,304,000. 97.01% of the stock is currently owned by 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.