Delek US (NYSE:DK) Shares Gap Down – Time to Sell?

Delek US Holdings, Inc. (NYSE:DK)’s share price gapped down prior to trading on Monday . The stock had previously closed at $47.22, but opened at $44.35. Delek US shares last traded at $44.4740, with a volume of 49,640 shares traded.

Wall Street Analyst Weigh In

DK has been the subject of a number of research reports. Scotiabank raised shares of Delek US to a “hold” rating in a report on Friday, March 27th. UBS Group lifted their price objective on shares of Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. TD Cowen decreased their price objective on shares of Delek US from $60.00 to $44.00 and set a “hold” rating for the company in a report on Monday, April 27th. Morgan Stanley lifted their price objective on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Finally, Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.00.

Delek US Trading Down 3.8%

The company has a market cap of $2.60 billion, a price-to-earnings ratio of -46.56, a P/E/G ratio of 0.29 and a beta of 0.60. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The firm’s fifty day moving average price is $43.99 and its 200-day moving average price is $38.34.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company posted ($2.32) earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts expect that Delek US Holdings, Inc. will post 5.26 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 annualized dividend and a dividend yield of 2.4%. Delek US’s payout ratio is -112.09%.

Insider Activity at Delek US

In other news, Director Laurie Z. Tolson sold 4,921 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $46.30, for a total transaction of $227,842.30. Following the completion of the transaction, the director owned 18,226 shares of the company’s stock, valued at approximately $843,863.80. The trade was a 21.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert G. Wright sold 10,720 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total transaction of $504,590.40. Following the transaction, the executive vice president directly owned 48,148 shares of the company’s stock, valued at approximately $2,266,326.36. This trade represents a 18.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 41,613 shares of company stock valued at $1,908,996. Company insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Delek US

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Delek US by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after purchasing an additional 38,577 shares in the last quarter. Mercuria Capital Strategies LLC bought a new stake in shares of Delek US during the third quarter valued at about $8,755,000. Burney Co. bought a new stake in shares of Delek US during the fourth quarter valued at about $2,198,000. Comerica Bank raised its stake in shares of Delek US by 66.6% during the fourth quarter. Comerica Bank now owns 75,324 shares of the oil and gas company’s stock valued at $2,234,000 after purchasing an additional 30,123 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Delek US by 727.4% during the fourth quarter. GSA Capital Partners LLP now owns 120,119 shares of the oil and gas company’s stock valued at $3,563,000 after purchasing an additional 105,601 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

About Delek US

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.