Delek US (NYSE:DK) Trading 5.7% Higher – Time to Buy?

Delek US Holdings, Inc. (NYSE:DK)’s stock price was up 5.7% during mid-day trading on Monday . The company traded as high as $19.95 and last traded at $19.95. Approximately 406,943 shares changed hands during 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 analyst reports. Morgan Stanley reduced their target price on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, September 16th. Mizuho lowered their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company dropped their target price on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, Scotiabank cut their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Five analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.00.

Delek US Price Performance

The stock has a market capitalization of $1.25 billion, a PE ratio of -4.08 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The firm’s 50-day moving average price is $18.03 and its 200-day moving average price is $19.57.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the company earned $2.02 EPS. The company’s revenue for the quarter was down 34.3% on a year-over-year basis. On average, equities analysts forecast that Delek US Holdings, Inc. will post -4.38 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 5.14%. The ex-dividend date was Tuesday, November 12th. Delek US’s dividend payout ratio is currently -20.99%.

Hedge Funds Weigh In On Delek US

Hedge funds have recently bought and sold shares of the business. Clifford Capital Partners LLC bought a new stake in Delek US during the 3rd quarter valued at about $7,504,000. Point72 Asset Management L.P. bought a new position in Delek US in the second quarter worth approximately $19,806,000. International Assets Investment Management LLC boosted its position in Delek US by 1,753.2% during the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock valued at $12,160,000 after purchasing an additional 613,514 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Delek US by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock valued at $27,368,000 after buying an additional 63,502 shares in the last quarter. Finally, DRW Securities LLC bought a new position in shares of Delek US during the 3rd quarter worth approximately $1,782,000. Institutional investors own 97.01% of the company’s stock.

About Delek US

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.