Delek US (NYSE:DK) Stock Price Up 3.1% – What’s Next?

Delek US Holdings, Inc. (NYSE:DK)’s share price traded up 3.1% during mid-day trading on Wednesday . The company traded as high as $16.29 and last traded at $16.43. 43,902 shares were traded during mid-day trading, a decline of 97% from the average session volume of 1,473,431 shares. The stock had previously closed at $15.94.

Wall Street Analyst Weigh In

DK has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Mizuho dropped their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Piper Sandler decreased their target price on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Wells Fargo & Company lifted their target price on Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, March 21st. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, Delek US presently has a consensus rating of “Hold” and a consensus target price of $20.40.

Delek US Price Performance

The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The stock has a market capitalization of $1.01 billion, a PE ratio of -3.31 and a beta of 1.14. The stock’s 50 day moving average is $17.12 and its two-hundred day moving average is $17.88.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.46) EPS. As a group, sell-side analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 6.34%. Delek US’s dividend payout ratio is presently -11.54%.

Insider Buying and Selling

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the purchase, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 5,055 shares of company stock worth $70,787 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Delek US

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its holdings in shares of Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 1,311 shares during the period. KBC Group NV raised its position in Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after buying an additional 1,538 shares during the last quarter. ARS Investment Partners LLC acquired a new stake in shares of Delek US in the 4th quarter worth $185,000. Capstone Investment Advisors LLC purchased a new stake in shares of Delek US in the third quarter valued at about $193,000. Finally, Abel Hall LLC acquired a new position in shares of Delek US during the fourth quarter worth about $196,000. Hedge funds and other 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.