Delek US (NYSE:DK) Shares Up 4% – Time to Buy?

Delek US Holdings, Inc. (NYSE:DK)’s share price traded up 4% during trading on Tuesday . The stock traded as high as $18.50 and last traded at $18.45. 84,116 shares were traded during mid-day trading, a decline of 92% from the average session volume of 1,075,419 shares. The stock had previously closed at $17.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Mizuho cut their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Bank of America started coverage on shares of Delek US in a research note on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price for the company. JPMorgan Chase & Co. upped their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Wells Fargo & Company reduced their price objective on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, December 9th. Finally, Piper Sandler cut their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Six analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, Delek US presently has a consensus rating of “Hold” and an average price target of $21.00.

Delek US Stock Up 4.3 %

The business has a fifty day moving average price of $17.72 and a two-hundred day moving average price of $19.88. 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 company has a market cap of $1.17 billion, a price-to-earnings ratio of -3.81 and a beta of 1.22.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating the consensus estimate of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the business earned $2.02 EPS. The company’s revenue for the quarter was down 34.3% compared to the same quarter last year. On average, equities analysts predict that Delek US Holdings, Inc. will post -4.4 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s payout ratio is currently -20.99%.

Hedge Funds Weigh In On Delek US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Delek US during the second quarter worth $43,000. Farther Finance Advisors LLC increased its holdings in shares of Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 1,508 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Delek US in the 3rd quarter valued at approximately $193,000. MQS Management LLC acquired a new stake in Delek US in the 3rd quarter worth approximately $201,000. Finally, Chesapeake Capital Corp IL bought a new stake in Delek US during the second quarter worth approximately $223,000. 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.