Delek US (NYSE:DK) Stock Jumps 6.5% – Should You Buy?

Delek US Holdings, Inc. (NYSE:DK) rose 6.5% during mid-day trading on Wednesday. The stock traded as high as $73.01 and last traded at $73.1660. Approximately 950,875 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 1,566,334 shares. The stock had previously closed at $68.73.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. JPMorgan Chase & Co. upped their price objective on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. TD Cowen lifted their target price on shares of Delek US from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Raymond James Financial upped their target price on Delek US from $72.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 14th. Finally, Morgan Stanley increased their price target on Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Delek US has a consensus rating of “Moderate Buy” and an average price target of $65.45.

Delek US Stock Up 4.2%

The stock’s 50-day moving average price is $69.52 and its two-hundred day moving average price is $54.90. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. The stock has a market capitalization of $4.55 billion, a P/E ratio of 20.89, a P/E/G ratio of 0.35 and a beta of 0.62.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the prior year, the firm earned ($0.56) EPS. The business’s revenue for the quarter was up 47.9% compared to the same quarter last year. As a group, research analysts expect that Delek US Holdings, Inc. will post 16.06 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a $0.2550 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US’s payout ratio is currently 28.65%.

Insider Buying and Selling at Delek US

In other news, Director Vicky Sutil sold 6,397 shares of Delek US stock in a transaction on Friday, September 4th. The stock was sold at an average price of $71.50, for a total value of $457,385.50. Following the completion of the transaction, the director directly owned 26,407 shares in the company, valued at approximately $1,888,100.50. The trade was a 19.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Jr. Sullivan sold 27,688 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.01, for a total value of $1,910,748.88. Following the sale, the director directly owned 32,004 shares in the company, valued at $2,208,596.04. This trade represents a 46.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 163,377 shares of company stock worth $11,082,485. Company insiders own 3.56% of the company’s stock.

Institutional Trading of Delek US

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Delek US by 30.7% during the 2nd quarter. Allworth Financial LP now owns 600 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 141 shares during the last quarter. Aigen Investment Management LP lifted its position in Delek US by 3.2% in the 4th quarter. Aigen Investment Management LP now owns 17,821 shares of the oil and gas company’s stock worth $529,000 after buying an additional 560 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after buying an additional 614 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Delek US by 4.5% during the second quarter. Wedge Capital Management L L P NC now owns 23,493 shares of the oil and gas company’s stock worth $1,194,000 after acquiring an additional 1,005 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Delek US in the 2nd quarter valued at $61,000. Institutional investors own 97.01% of the company’s stock.

About Delek US

Delek US Holdings, Inc is an independent downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing transportation fuels and other refined petroleum products for commercial and wholesale customers.

Delek’s refining operations have included facilities in the U.S. Gulf Coast and Mid-Continent regions, with assets in Texas, Arkansas and Louisiana. Its products may include gasoline, diesel, jet fuel, asphalt and other refined products.