Shares of Delek US Holdings, Inc. (NYSE:DK – Get Free Report) rose 3.6% during mid-day trading on Thursday . The company traded as high as $19.36 and last traded at $19.36. Approximately 250,502 shares were traded during trading, a decline of 76% from the average daily volume of 1,037,013 shares. The stock had previously closed at $18.68.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Piper Sandler decreased their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. Wells Fargo & Company boosted their price objective on Delek US from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Tuesday, September 3rd. Morgan Stanley lowered their price target on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Wolfe Research began coverage on shares of Delek US in a research note on Thursday, July 18th. They issued an “underperform” rating and a $19.00 price objective for the company. Finally, Scotiabank dropped their target price on shares of Delek US from $27.00 to $25.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.09.
Delek US Trading Up 8.4 %
The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58. The stock has a market cap of $1.30 billion, a PE ratio of -16.01 and a beta of 1.14. The stock has a 50-day moving average price of $20.47 and a two-hundred day moving average price of $24.72.
Delek US (NYSE:DK – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The company’s revenue was down 18.4% compared to the same quarter last year. Sell-side analysts forecast that Delek US Holdings, Inc. will post -3.19 earnings per share for the current fiscal year.
Delek US Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 12th. This is an increase from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.04%. Delek US’s payout ratio is -82.26%.
Insider Activity at Delek US
In related news, CEO Avigal Soreq bought 5,651 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the acquisition, the chief executive officer now owns 188,881 shares in the company, valued at $3,856,950.02. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Delek US
Several institutional investors have recently made changes to their positions in DK. Quarry LP bought a new position in Delek US in the 2nd quarter valued at $43,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Delek US during the first quarter worth approximately $172,000. Bailard Inc. purchased a new stake in shares of Delek US in the second quarter valued at approximately $201,000. Chesapeake Capital Corp IL bought a new position in Delek US in the second quarter worth approximately $223,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Delek US during the 2nd quarter valued at $223,000. Institutional investors 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.