Delek US (NYSE:DK) Trading 5.7% Higher – What’s Next?

Delek US Holdings, Inc. (NYSE:DK)’s share price rose 5.7% during mid-day trading on Monday . The stock traded as high as $19.95 and last traded at $19.95. Approximately 406,943 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 985,801 shares. The stock had previously closed at $18.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped 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. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Bank of America initiated coverage on Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target on the stock. Scotiabank dropped their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, Mizuho reduced their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.00.

Delek US Price Performance

The firm’s fifty day simple moving average is $18.03 and its 200-day simple moving average is $19.57. 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 firm has a market capitalization of $1.25 billion, a PE ratio of -4.08 and a beta of 1.22.

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

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $0.255 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.14%. Delek US’s payout ratio is -20.99%.

Institutional Investors Weigh In On Delek US

A number of large investors have recently added to or reduced their stakes in the stock. Clifford Capital Partners LLC bought a new position in shares of Delek US in the 3rd quarter worth approximately $7,504,000. Point72 Asset Management L.P. bought a new position in Delek US in the second quarter worth approximately $19,806,000. International Assets Investment Management LLC grew its position in shares of Delek US by 1,753.2% during the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock valued at $12,160,000 after acquiring an additional 613,514 shares during the period. Geode Capital Management LLC grew its position in shares of Delek US by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock valued at $27,368,000 after acquiring an additional 63,502 shares during the period. Finally, DRW Securities LLC purchased a new stake in shares of Delek US in the 3rd quarter worth $1,782,000. 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.