Delek US (NYSE:DK) Trading Down 5.1% – Should You Sell?

Delek US Holdings, Inc. (NYSE:DK) fell 5.1% on Tuesday . The stock traded as low as $33.84 and last traded at $33.73. 64,097 shares traded hands during trading, a decline of 96% from the average session volume of 1,596,739 shares. The stock had previously closed at $35.53.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DK. Raymond James Financial upped their price target 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. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their target price on Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. Scotiabank set a $34.00 price target on Delek US in a research report on Friday, January 16th. Finally, TD Cowen lifted their price target on Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Delek US presently has an average rating of “Hold” and an average price target of $38.85.

Delek US Stock Down 4.0%

The firm’s 50 day moving average is $31.14 and its 200-day moving average is $31.47. The firm has a market cap of $2.02 billion, a PE ratio of -4.13 and a beta of 0.84. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 7.12.

Delek US (NYSE:DK) last issued its quarterly earnings results on Friday, November 7th. The oil and gas company reported $7.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $6.85. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.76 billion. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.45) EPS. As a group, equities research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Insider Transactions at Delek US

In other Delek US news, EVP Joseph Israel sold 4,380 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $40.94, for a total value of $179,317.20. Following the sale, the executive vice president directly owned 55,761 shares of the company’s stock, valued at approximately $2,282,855.34. This trade represents a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert G. Wright sold 2,303 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $40.43, for a total transaction of $93,110.29. Following the transaction, the executive vice president directly owned 38,966 shares of the company’s stock, valued at approximately $1,575,395.38. This represents a 5.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Delek US

A number of hedge funds have recently made changes to their positions in DK. Brown Brothers Harriman & Co. acquired a new stake in shares of Delek US during the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC boosted its holdings in Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 614 shares during the last quarter. Torren Management LLC purchased a new stake in Delek US during the fourth quarter valued at about $40,000. Focus Partners Wealth acquired a new stake in Delek US during the third quarter worth about $44,000. Finally, AlphaQuest LLC raised its holdings in shares of Delek US by 7,331.8% in the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,613 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Company Profile

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.