Delek US Holdings Inc (NYSE:DK)’s stock price fell 9.6% during trading on Wednesday . The company traded as low as $10.63 and last traded at $10.65. 1,900,413 shares traded hands during trading, an increase of 5% from the average session volume of 1,805,745 shares. The stock had previously closed at $11.78.
A number of research firms have commented on DK. Piper Sandler reduced their target price on Delek US from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, September 9th. Scotiabank downgraded Delek US from a “sector perform” rating to a “sector underperform” rating and set a $14.00 target price on the stock. in a report on Thursday, August 6th. JPMorgan Chase & Co. reduced their target price on Delek US from $19.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, September 11th. Tudor Pickering raised Delek US from a “sell” rating to a “hold” rating and set a $17.00 target price on the stock in a report on Thursday, July 9th. Finally, Morgan Stanley dropped their price target on Delek US from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.36.
The business has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $16.89. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.08 and a current ratio of 1.49. The stock has a market capitalization of $790.34 million, a P/E ratio of -5.42 and a beta of 1.87.
Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.98). The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.22 billion. Delek US had a negative net margin of 1.79% and a negative return on equity of 0.41%. The business’s revenue for the quarter was down 38.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 earnings per share. Equities research analysts forecast that Delek US Holdings Inc will post -2.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date of this dividend was Tuesday, August 18th. Delek US’s payout ratio is currently 37.58%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Delek US during the 2nd quarter worth $30,000. Credit Agricole S A bought a new stake in shares of Delek US during the 1st quarter worth $49,000. Advisor Group Holdings Inc. bought a new stake in shares of Delek US during the 1st quarter worth $63,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Delek US by 47.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,499 shares of the oil and gas company’s stock worth $148,000 after acquiring an additional 2,732 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in shares of Delek US during the 2nd quarter worth $177,000.
About Delek US (NYSE:DK)
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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