Shares of Delek US (NYSE:DK) fell 3.7% after the analyst downgrade

Shares of Delek US Holdings, Inc. (NYSE:DK – Get Free Report ) traded down 3.7% during mid-day trading on Friday, after Piper Sandler cut their price target on the stock from $25.00 to $19.00. Piper Sandler currently has a neutral rating on the stock. Delek US traded as high as $19.45 and last traded at $19.57. 141,882 shares changed hands during mid-day trading, down 86% from the session’s average volume of 1,030,632 shares. Shares previously closed at $20.32.

A number of other equities research analysts have recently issued reports on the stock. Mizuho raised shares of Delek US from an “underperform” rating to a “neutral” rating and cut their price target for the company from $28.00 to $26.00 in a research report on Monday. Wells Fargo & Company upped their target price on shares of Delek US from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Tuesday, September 3rd. StockNews.com raised shares of Delek US from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Wolfe Research started coverage on shares of Delek US in a research report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price objective for the company. Finally, TD Cowen reduced their price objective on shares of Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research report on Thursday, 8 August. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.73, based on data from MarketBeat.

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Privileged deals at Delek US

In other news, CEO Avigal Soreq acquired 5,651 shares of the stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $20.42 per share, with a total value of $115,393.42. Following the completion of the acquisition, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Company insiders own 1.80% of the company’s shares.

Hedge funds influence Delek US

A number of institutional investors and hedge funds have recently modified their holdings of the business. SummerHaven Investment Management LLC boosted its holdings in shares of Delek US by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after buying an additional 580 shares during the period. of shares in the last quarter. Shell Asset Management Co. boosted its holdings in shares of Delek US by 6.8% in the first quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company’s stock worth $304,000 after purchasing an additional 628 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Delek US by 7.1% in the first quarter. ProShare Advisors LLC now owns 11,412 shares of the oil and gas company’s stock worth $351,000 after purchasing an additional 754 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Delek US by 2.5% in the second quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock worth $1,247,000 after purchasing an additional 1,246 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Delek US by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock worth $827,000 after buying an additional 1,282 shares in the last quarter. 97.01% of shares are currently owned by institutional investors.

Delek US trading down 3.4%

The company has a fifty day moving average of $21.04 and a 200 day moving average of $25.20. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58, and a current ratio of 0.98. The company has a market cap of $1.26 billion, a P/E ratio of -15.78 and a beta of 1.14.

Delek US (NYSE:DK – Get Free Report ) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period last year, the business earned $1.00 EPS. The company’s revenue fell 18.4% year over year. Analysts anticipate that Delek US Holdings, Inc. will record -2.87 profit per share for the current fiscal year.

Delek US raises dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 12. This is a positive change from Delek US’s previous quarterly dividend of $0.20. This represents an annualized dividend of $1.02 and a dividend yield of 5.20%. Delek US’s dividend payout ratio (DPR) is currently -82.26%.

Delek USA Company Profile

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Delek US Holdings, Inc is engaged in integrated downstream energy businesses in the United States. The company operates through refining, logistics and retail segments. The Refining segment processes crude oil and other feedstocks to manufacture various grades of gasoline, diesel, jet fuel, asphalt and other petroleum-based products that are distributed through owned and third-party product terminals.

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