Delek US (NYSE:DK) Hits New 52-Week High – Still a Buy?

Delek US Holdings, Inc. (NYSE:DK)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $69.24 and last traded at $69.12, with a volume of 443533 shares trading hands. The stock had previously closed at $64.04.

Analysts Set New Price Targets

DK has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. Weiss Ratings raised shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Raymond James Financial raised their target price on shares of Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Morgan Stanley lifted their target price on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Delek US presently has an average rating of “Hold” and an average target price of $53.15.

Delek US Stock Performance

The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The company has a market cap of $4.38 billion, a PE ratio of 20.10, a P/E/G ratio of 1.44 and a beta of 0.57. The stock’s 50 day simple moving average is $57.54 and its two-hundred day simple moving average is $47.24.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $2.81. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.56) EPS. As a group, research analysts anticipate that Delek US Holdings, Inc. will post 10.1 earnings per share for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s payout ratio is 28.65%.

Insider Activity

In other Delek US news, EVP Mark Wayne Hobbs sold 20,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $64.59, for a total transaction of $1,291,800.00. Following the completion of the sale, the executive vice president directly owned 104,326 shares in the company, valued at $6,738,416.34. This represents a 16.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William J. Finnerty sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $51.50, for a total value of $257,500.00. Following the completion of the transaction, the director owned 34,805 shares in the company, valued at approximately $1,792,457.50. This trade represents a 12.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 123,629 shares of company stock valued at $7,947,385 in the last 90 days. 3.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its position in shares of Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Delek US during the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its position in Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 614 shares during the period. Allworth Financial LP purchased a new stake in Delek US during the 2nd quarter worth $30,000. Finally, Torren Management LLC acquired a new stake in Delek US in the 4th quarter valued at $40,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.