Delek US (NYSE:DK) Stock Price Down 4.6% – Should You Sell?

Delek US Holdings, Inc. (NYSE:DK)’s stock price dropped 4.6% during mid-day trading on Tuesday . The stock traded as low as $37.60 and last traded at $37.9350. Approximately 113,085 shares were traded during trading, a decline of 93% from the average daily volume of 1,691,557 shares. The stock had previously closed at $39.78.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, October 8th. UBS Group raised their price target on Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Raymond James Financial lifted their price objective on shares of Delek US from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Bank of America raised their target price on shares of Delek US from $14.00 to $24.00 and gave the stock an “underperform” rating in a report on Wednesday, September 3rd. Finally, Piper Sandler upped their price target on shares of Delek US from $39.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.08.

Delek US Trading Down 2.5%

The stock’s 50-day moving average price is $36.54 and its 200 day moving average price is $28.12. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.58. The firm has a market capitalization of $2.33 billion, a PE ratio of -4.76 and a beta of 0.82.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $2.96 billion during the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%. On average, sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 10th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.6%. Delek US’s dividend payout ratio is presently -12.50%.

Insider Activity

In related news, EVP Joseph Israel sold 20,028 shares of Delek US stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $41.12, for a total value of $823,551.36. Following the completion of the sale, the executive vice president directly owned 62,793 shares in the company, valued at $2,582,048.16. The trade was a 24.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Reuven Spiegel sold 27,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $41.36, for a total transaction of $1,116,720.00. Following the transaction, the executive vice president owned 23,020 shares in the company, valued at approximately $952,107.20. The trade was a 53.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 59,354 shares of company stock worth $2,446,658. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Delek US

Institutional investors have recently bought and sold shares of the business. CWM LLC boosted its position in Delek US by 100.9% during the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 1,164 shares in the last quarter. Cetera Investment Advisers bought a new stake in Delek US during the first quarter valued at about $191,000. TD Asset Management Inc bought a new stake in Delek US during the first quarter valued at about $230,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Delek US by 16.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,306 shares of the oil and gas company’s stock valued at $306,000 after purchasing an additional 2,918 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in Delek US by 223.6% in the first quarter. XTX Topco Ltd now owns 45,694 shares of the oil and gas company’s stock worth $689,000 after purchasing an additional 31,572 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other 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.