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

Delek US Holdings, Inc. (NYSE:DK) shares rose 5.7% on Monday . The stock traded as high as $19.95 and last traded at $19.95. Approximately 406,943 shares changed hands 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.

Analysts Set New Price Targets

DK has been the subject of several research analyst reports. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. StockNews.com lowered Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Piper Sandler dropped their price target on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Finally, Scotiabank decreased their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.00.

Delek US Trading Up 2.2 %

The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -4.09 and a beta of 1.22. The firm has a fifty day moving average price of $18.19 and a 200-day moving average price of $19.50.

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 (EPS) for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business’s revenue for the quarter was down 34.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.02 earnings per share. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post -4.38 EPS for the current year.

Delek US Dividend Announcement

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

Institutional Investors Weigh In On Delek US

A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in shares of Delek US by 53.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 80,782 shares of the oil and gas company’s stock worth $2,000,000 after buying an additional 28,216 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Delek US by 8.6% in the 2nd 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 in the last quarter. Highland Peak Capital LLC acquired a new stake in shares of Delek US in the 2nd quarter valued at approximately $5,241,000. Seven Eight Capital LP increased its position in Delek US by 304.9% during the 2nd quarter. Seven Eight Capital LP now owns 40,777 shares of the oil and gas company’s stock worth $1,010,000 after purchasing an additional 30,707 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Delek US in the 2nd quarter valued at approximately $1,941,000. Institutional investors and hedge funds 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.