Delek US (NYSE:DK) Shares Down 6.6% – Time to Sell?

Shares of Delek US Holdings, Inc. (NYSE:DK) were down 6.6% on Monday . The company traded as low as $67.09 and last traded at $66.7560. Approximately 399,370 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 1,397,351 shares. The stock had previously closed at $71.47.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DK. Weiss Ratings raised Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. Mizuho raised their target price on shares of Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.15.

Delek US Stock Down 7.0%

The firm has a 50-day moving average price of $58.01 and a two-hundred day moving average price of $47.54. The company has a market capitalization of $4.07 billion, a P/E ratio of 18.64, a PEG ratio of 1.55 and a beta of 0.57. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the previous year, the firm posted ($0.56) earnings per share. Delek US’s revenue was up 47.9% compared to the same quarter last year. Equities research analysts anticipate that Delek US Holdings, Inc. will post 10.1 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is presently 28.65%.

Insider Buying and Selling at Delek US

In other Delek US news, Director William J. Finnerty sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $51.50, for a total value of $257,500.00. Following the completion of the transaction, the director owned 34,805 shares of the company’s stock, valued at $1,792,457.50. This represents a 12.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $68.21, for a total value of $682,100.00. Following the sale, the executive vice president directly owned 36,435 shares in the company, valued at $2,485,231.35. The trade was a 21.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 123,629 shares of company stock valued at $7,947,385 over the last quarter. Company insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Delek US by 18.4% during the 1st quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock worth $4,201,000 after acquiring an additional 43,379 shares during the period. AQR Capital Management LLC acquired a new position in Delek US in the first quarter worth about $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Delek US by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock worth $560,000 after purchasing an additional 1,102 shares during the period. Jones Financial Companies Lllp boosted its holdings in Delek US by 3,979.8% during the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 19,899 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Delek US by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock valued at $2,213,000 after purchasing an additional 9,827 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.