Delek US (NYSE:DK) Trading Up 4% – Still a Buy?

Delek US Holdings, Inc. (NYSE:DK)’s share price shot up 4% on Tuesday . The company traded as high as $18.50 and last traded at $18.45. 84,116 shares were traded during trading, a decline of 92% from the average session volume of 1,075,419 shares. The stock had previously closed at $17.74.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DK shares. StockNews.com cut shares of Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Morgan Stanley lowered their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Mizuho cut their price target 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. raised their price objective on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Bank of America initiated coverage on shares of Delek US in a research note on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price for the company. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.00.

Delek US Price Performance

The company’s fifty day simple moving average is $17.72 and its 200-day simple moving average is $19.88. The stock has a market cap of $1.17 billion, a P/E ratio of -3.81 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last announced 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 business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the prior year, the company earned $2.02 EPS. Delek US’s revenue for the quarter was down 34.3% on a year-over-year basis. As a group, sell-side analysts forecast that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Institutional Trading of Delek US

Hedge funds and other institutional investors have recently modified their holdings of the stock. F M Investments LLC boosted its stake in shares of Delek US by 0.5% during the third quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock valued at $3,275,000 after purchasing an additional 807 shares in the last quarter. Thoroughbred Financial Services LLC boosted its position in Delek US by 2.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock worth $1,247,000 after buying an additional 1,246 shares during the period. The Manufacturers Life Insurance Company boosted its position in Delek US by 4.0% during the 2nd 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 during the period. Orion Portfolio Solutions LLC grew its holdings in Delek US by 7.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock worth $342,000 after acquiring an additional 1,292 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in Delek US by 5.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company’s stock valued at $551,000 after acquiring an additional 1,419 shares during the period. Institutional investors own 97.01% of the company’s stock.

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.