Delek US (NYSE:DK) Trading 7.3% Higher – Time to Buy?

Delek US Holdings, Inc. (NYSE:DK)’s stock price shot up 7.3% during mid-day trading on Tuesday . The stock traded as high as $19.42 and last traded at $19.38. 362,178 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 1,008,505 shares. The stock had previously closed at $18.06.

Analyst Ratings Changes

Several brokerages have issued reports on DK. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Bank of America initiated coverage on Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price target on the stock. Scotiabank decreased their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Mizuho decreased their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Wells Fargo & Company decreased their target price on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Five research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Delek US Trading Up 7.9 %

The firm has a market cap of $1.23 billion, a PE ratio of -4.01 and a beta of 1.20. 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 business has a fifty day moving average price of $18.31 and a 200 day moving average price of $19.06.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the business posted $2.02 EPS. The business’s revenue for the quarter was down 34.3% on a year-over-year basis. Analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. F M Investments LLC lifted its position in Delek US by 0.5% during the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock worth $3,275,000 after acquiring an additional 807 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Delek US by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock worth $827,000 after purchasing an additional 1,282 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in Delek US by 7.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock worth $342,000 after purchasing an additional 1,292 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Delek US by 5.1% during the third quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company’s stock worth $551,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,508 shares during the last quarter. Hedge funds and other 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.