Delek US (NYSE:DK) Shares Down 6.4%

Delek US Holdings Inc (NYSE:DK)’s share price dropped 6.4% during mid-day trading on Wednesday . The stock traded as low as $30.85 and last traded at $30.86, approximately 1,171,850 shares traded hands during mid-day trading. A decline of 13% from the average daily volume of 1,346,405 shares. The stock had previously closed at $32.98.

DK has been the topic of several recent research reports. ValuEngine upgraded shares of Delek US from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Goldman Sachs Group lowered shares of Delek US from a “neutral” rating to a “sell” rating and set a $37.00 price target on the stock. in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Delek US has an average rating of “Hold” and a consensus price target of $46.62.

The business has a 50 day moving average of $39.21. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.00 and a current ratio of 1.48. The stock has a market capitalization of $2.53 billion, a PE ratio of 6.43 and a beta of 1.65.

Delek US (NYSE:DK) last posted its quarterly earnings data on Monday, August 5th. The oil and gas company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.40. Delek US had a net margin of 5.51% and a return on equity of 27.65%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s revenue was down 5.9% on a year-over-year basis. On average, equities analysts forecast that Delek US Holdings Inc will post 4.02 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be paid a $0.29 dividend. This is a positive change from Delek US’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 16th. This represents a $1.16 dividend on an annualized basis and a yield of 3.76%. Delek US’s dividend payout ratio (DPR) is currently 23.33%.

In other Delek US news, EVP Avigal Soreq sold 4,000 shares of Delek US stock in a transaction on Monday, July 1st. The shares were sold at an average price of $41.30, for a total transaction of $165,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Louis Labella sold 1,200 shares of Delek US stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $44.00, for a total transaction of $52,800.00. The disclosure for this sale can be found here. Insiders sold a total of 23,554 shares of company stock valued at $974,576 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Several large investors have recently modified their holdings of DK. Geode Capital Management LLC lifted its stake in shares of Delek US by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 988,345 shares of the oil and gas company’s stock worth $32,130,000 after purchasing an additional 46,048 shares during the last quarter. Alpha Windward LLC grew its holdings in Delek US by 11.3% during the first quarter. Alpha Windward LLC now owns 13,620 shares of the oil and gas company’s stock worth $496,000 after acquiring an additional 1,380 shares during the period. Meeder Asset Management Inc. grew its holdings in Delek US by 285.0% during the first quarter. Meeder Asset Management Inc. now owns 12,989 shares of the oil and gas company’s stock worth $472,000 after acquiring an additional 9,615 shares during the period. Nisa Investment Advisors LLC grew its holdings in Delek US by 50.5% during the first quarter. Nisa Investment Advisors LLC now owns 8,050 shares of the oil and gas company’s stock worth $293,000 after acquiring an additional 2,700 shares during the period. Finally, Rothschild Investment Corp IL acquired a new stake in Delek US during the first quarter worth about $220,000.

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.

See Also: Initial Public Offering (IPO)

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