Delek US (NYSE:DK) Trading Down 6.6%

Delek US Holdings, Inc. (NYSE:DKGet Rating) shares were down 6.6% on Friday . The company traded as low as $27.30 and last traded at $27.98. Approximately 39,335 shares were traded during trading, a decline of 97% from the average daily volume of 1,466,445 shares. The stock had previously closed at $29.95.

A number of equities research analysts have recently weighed in on DK shares. StockNews.com raised shares of Delek US from a “hold” rating to a “buy” rating in a report on Saturday, May 21st. Credit Suisse Group upped their price target on shares of Delek US to $32.00 in a report on Thursday, June 9th. TheStreet raised shares of Delek US from a “d+” rating to a “c” rating in a report on Wednesday, April 20th. Bank of America raised shares of Delek US from an “underperform” rating to a “neutral” rating and upped their price target for the company from $17.00 to $21.00 in a report on Tuesday, March 8th. Finally, Raymond James upped their price target on shares of Delek US from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, April 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.00.

The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.60 and a current ratio of 0.97. The stock’s 50 day simple moving average is $27.44 and its two-hundred day simple moving average is $21.11. The firm has a market capitalization of $2.44 billion, a PE ratio of -20.40, a price-to-earnings-growth ratio of 0.26 and a beta of 1.63.

Delek US (NYSE:DKGet Rating) last released its earnings results on Tuesday, May 3rd. The oil and gas company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.72. Delek US had a negative net margin of 0.77% and a negative return on equity of 5.95%. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company posted ($1.69) EPS. The business’s revenue was up 86.4% on a year-over-year basis. Equities research analysts expect that Delek US Holdings, Inc. will post 5.46 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Partners increased its holdings in Delek US by 50.4% in the 1st quarter. Boston Partners now owns 2,408,748 shares of the oil and gas company’s stock valued at $51,421,000 after purchasing an additional 807,117 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Delek US in the 3rd quarter valued at approximately $9,051,000. Norges Bank acquired a new stake in Delek US in the 4th quarter valued at approximately $7,037,000. First Trust Advisors LP increased its holdings in Delek US by 408.8% in the 4th quarter. First Trust Advisors LP now owns 563,633 shares of the oil and gas company’s stock valued at $8,449,000 after purchasing an additional 452,852 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Delek US by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 7,694,334 shares of the oil and gas company’s stock valued at $163,273,000 after purchasing an additional 446,408 shares during the last quarter. Institutional investors and hedge funds own 74.69% of the company’s stock.

About Delek US (NYSE:DK)

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.

Featured Articles

Want More Great Investing Ideas?

Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.