Delek US (NYSE:DK) Hits New 1-Year High – What’s Next?

Shares of Delek US Holdings, Inc. (NYSE:DK) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.17 and last traded at $48.1810, with a volume of 156599 shares. The stock had previously closed at $48.04.

Analysts Set New Price Targets

A number of research firms have issued reports on DK. Piper Sandler lowered their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Mizuho increased their target price on Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Finally, Wells Fargo & Company lifted their target price on Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $44.23.

Delek US Trading Down 0.8%

The company has a market cap of $2.74 billion, a price-to-earnings ratio of -49.06, a P/E/G ratio of 0.38 and a beta of 0.63. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. The firm has a fifty day moving average price of $42.44 and a 200 day moving average price of $36.99.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, beating the consensus estimate of ($1.42) by $1.50. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.32) EPS. As a group, equities analysts predict that Delek US Holdings, Inc. will post 3.99 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, May 1st will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. Delek US’s dividend payout ratio is presently -112.09%.

Insider Buying and Selling at Delek US

In related news, CEO Avigal Soreq sold 50,000 shares of Delek US stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $41.08, for a total transaction of $2,054,000.00. Following the completion of the transaction, the chief executive officer owned 251,678 shares in the company, valued at approximately $10,338,932.24. This trade represents a 16.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph Israel sold 38,000 shares of Delek US stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $40.65, for a total value of $1,544,700.00. Following the transaction, the executive vice president owned 55,623 shares of the company’s stock, valued at $2,261,074.95. The trade was a 40.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 172,095 shares of company stock valued at $7,257,409 in the last three months. Corporate insiders own 3.56% of the company’s stock.

Hedge Funds Weigh In On Delek US

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its holdings in Delek US by 40.2% during the third quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after purchasing an additional 423,017 shares during the period. Federated Hermes Inc. bought a new position in Delek US during the third quarter worth about $5,416,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Delek US during the third quarter worth about $1,338,000. Mercuria Capital Strategies LLC bought a new position in Delek US during the third quarter worth about $8,755,000. Finally, Burney Co. bought a new stake in shares of Delek US during the fourth quarter worth approximately $2,198,000. Institutional investors own 97.01% of the company’s stock.

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.