Delek US (NYSE:DK) Sets New 1-Year High – What’s Next?

Delek US Holdings, Inc. (NYSE:DK)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $50.10 and last traded at $50.18, with a volume of 82278 shares changing hands. The stock had previously closed at $48.28.

Analyst Ratings Changes

DK has been the subject of a number of recent research reports. Weiss Ratings cut shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. TD Cowen dropped their price target on Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Mizuho raised their price objective on Delek US from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, Wells Fargo & Company upped their price target on shares of Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $44.69.

Delek US Stock Down 4.0%

The company’s 50 day moving average price is $43.87 and its two-hundred day moving average price is $38.06. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The stock has a market cap of $2.85 billion, a P/E ratio of -51.13, a PEG ratio of 0.33 and a beta of 0.60.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($1.42) by $1.50. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned ($2.32) earnings per share. Equities analysts forecast that Delek US Holdings, Inc. will post 4.96 earnings per share for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s dividend payout ratio is currently -112.09%.

Insider Activity at Delek US

In related news, Director William J. Finnerty sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $45.50, for a total transaction of $227,500.00. Following the completion of the transaction, the director directly owned 41,369 shares of the company’s stock, valued at approximately $1,882,289.50. This trade represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert G. Wright sold 10,720 shares of Delek US stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $47.07, for a total value of $504,590.40. Following the completion of the sale, the executive vice president directly owned 48,148 shares in the company, valued at $2,266,326.36. This trade represents a 18.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,601 shares of company stock worth $2,631,960 in the last 90 days. Company insiders own 3.56% of the company’s stock.

Institutional Trading of Delek US

A number of institutional investors have recently bought and sold shares of DK. Royal Bank of Canada boosted its position in shares of Delek US by 18.4% during the first quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock valued at $4,201,000 after buying an additional 43,379 shares during the period. AQR Capital Management LLC acquired a new stake in Delek US during the 1st quarter worth about $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Delek US by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Delek US by 3,979.8% in the 1st quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock worth $307,000 after buying an additional 19,899 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Delek US by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after buying an additional 9,827 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

About Delek US

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.