Delek US (NYSE:DK) Hits New 12-Month High – Still a Buy?

Delek US Holdings, Inc. (NYSE:DK)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $54.17 and last traded at $52.5190, with a volume of 1138065 shares changing hands. The stock had previously closed at $52.61.

Analysts Set New Price Targets

DK has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. The Goldman Sachs Group upgraded shares of Delek US from a “neutral” rating to a “buy” rating and raised their price objective for the company from $43.00 to $55.00 in a research note on Friday, April 10th. UBS Group boosted their target price on Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Raymond James Financial upped their target price on Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings lowered Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.08.

Delek US Trading Down 1.0%

The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of -57.65, a price-to-earnings-growth ratio of 0.32 and a beta of 0.58. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. The firm’s 50 day moving average is $46.08 and its 200 day moving average is $39.59.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $1.50. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the company earned ($2.32) earnings per share. The firm’s revenue was up .4% on a year-over-year basis. Equities analysts forecast that Delek US Holdings, Inc. will post 5.58 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.9%. Delek US’s payout ratio is -112.09%.

Insider Buying and Selling at Delek US

In other Delek US news, EVP Robert G. Wright sold 10,720 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $47.07, for a total transaction of $504,590.40. Following the sale, the executive vice president owned 48,148 shares in the company, valued at approximately $2,266,326.36. The trade was a 18.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William J. Finnerty sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $51.50, for a total transaction of $257,500.00. Following the completion of the transaction, the director owned 34,805 shares of the company’s stock, valued at approximately $1,792,457.50. The trade was a 12.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,270 shares of company stock valued at $1,828,718 over the last 90 days. 3.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Delek US

A number of large investors have recently made changes to their positions in DK. Brown Brothers Harriman & Co. acquired a new position in Delek US in the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its position in Delek US by 95.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares during the period. Torren Management LLC acquired a new stake in Delek US during the 4th quarter valued at $40,000. Finally, Focus Partners Wealth purchased a new stake in shares of Delek US in the third quarter valued at $44,000. Institutional investors and hedge funds 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.