Delek US (NYSE:DK) Trading 5.7% Higher – Time to Buy?

Shares of Delek US Holdings, Inc. (NYSE:DK) traded up 5.7% on Monday . The company traded as high as $19.95 and last traded at $19.95. 406,943 shares traded hands during trading, a decline of 59% from the average session volume of 985,801 shares. The stock had previously closed at $18.87.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho lowered their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler cut their target price on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Wells Fargo & Company decreased their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Finally, Bank of America initiated coverage on shares of Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Delek US presently has an average rating of “Hold” and a consensus price target of $21.00.

Delek US Price Performance

The firm has a market cap of $1.26 billion, a P/E ratio of -4.09 and a beta of 1.22. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The business’s 50 day moving average is $18.19 and its two-hundred day moving average is $19.50.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the company posted $2.02 EPS. The business’s quarterly revenue was down 34.3% on a year-over-year basis. As a group, analysts anticipate that Delek US Holdings, Inc. will post -4.38 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s payout ratio is -20.99%.

Institutional Trading of Delek US

Several hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in Delek US by 53.7% during the second quarter. Envestnet Asset Management Inc. now owns 80,782 shares of the oil and gas company’s stock worth $2,000,000 after acquiring an additional 28,216 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Delek US by 8.6% during the second quarter. Renaissance Technologies LLC now owns 298,469 shares of the oil and gas company’s stock valued at $7,390,000 after purchasing an additional 23,628 shares during the period. Highland Peak Capital LLC bought a new position in shares of Delek US during the 2nd quarter worth about $5,241,000. Seven Eight Capital LP grew its stake in shares of Delek US by 304.9% in the 2nd quarter. Seven Eight Capital LP now owns 40,777 shares of the oil and gas company’s stock valued at $1,010,000 after buying an additional 30,707 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Delek US in the 2nd quarter valued at about $1,941,000. Institutional investors own 97.01% of the company’s stock.

About Delek US

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.