Delek US (NYSE:DK) Trading Down 5.2% – Time to Sell?

Delek US Holdings, Inc. (NYSE:DK)’s stock price fell 5.2% on Wednesday . The stock traded as low as $18.37 and last traded at $18.51. 352,928 shares changed hands during trading, a decline of 66% from the average session volume of 1,044,034 shares. The stock had previously closed at $19.53.

Analyst Upgrades and Downgrades

DK has been the topic of a number of analyst reports. Mizuho dropped their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. increased their price target on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Bank of America assumed coverage on shares of Delek US in a report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.00.

Delek US Stock Performance

The business’s 50-day moving average price is $18.30 and its 200-day moving average price is $18.93. The stock has a market cap of $1.13 billion, a P/E ratio of -3.68 and a beta of 1.20. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

Institutional Trading of Delek US

A number of hedge funds and other institutional investors have recently modified their holdings of the company. KBC Group NV increased its position in Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 1,538 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after buying an additional 1,508 shares in the last quarter. ARS Investment Partners LLC bought a new stake in shares of Delek US in the 4th quarter worth about $185,000. Capstone Investment Advisors LLC purchased a new stake in shares of Delek US during the 3rd quarter valued at about $193,000. Finally, Abel Hall LLC bought a new position in shares of Delek US in the 4th quarter valued at about $196,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Company Profile

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