Delek US (NYSE:DK) Stock Price Up 3.1% – Should You Buy?

Delek US Holdings, Inc. (NYSE:DK) shares were up 3.1% during mid-day trading on Wednesday . The company traded as high as $16.29 and last traded at $16.43. Approximately 43,902 shares traded hands during trading, a decline of 97% from the average daily volume of 1,473,431 shares. The stock had previously closed at $15.94.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Mizuho decreased their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler decreased their price target on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Wells Fargo & Company raised their price objective on shares of Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.40.

Delek US Price Performance

The firm’s 50 day simple moving average is $17.28 and its two-hundred day simple moving average is $17.91. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The firm has a market capitalization of $1.02 billion, a P/E ratio of -3.34 and a beta of 1.14.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company’s revenue was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.46) earnings per share. As a group, analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s dividend payout ratio is -11.54%.

Insider Activity at Delek US

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the purchase, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought 5,055 shares of company stock worth $70,787 in the last three months. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC raised its holdings in Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 1,311 shares in the last quarter. KBC Group NV raised its stake in Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after buying an additional 1,538 shares in the last quarter. ARS Investment Partners LLC purchased a new stake in Delek US in the fourth quarter worth about $185,000. Capstone Investment Advisors LLC purchased a new stake in Delek US in the third quarter worth about $193,000. Finally, Abel Hall LLC purchased a new position in shares of Delek US during the 4th quarter worth approximately $196,000. 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.