Delek US (NYSE:DK) Hits New 52-Week High – Should You Buy?

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Mizuho upped their price target on Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. UBS Group boosted their target price on shares of Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Weiss Ratings downgraded shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Raymond James Financial increased their price target on shares of Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Finally, The Goldman Sachs Group raised shares of Delek US from a “neutral” rating to a “buy” rating and lifted their price target for the company from $43.00 to $55.00 in a research report on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $44.69.

Delek US Stock Performance

The company has a market capitalization of $3.06 billion, a PE ratio of -54.80, a price-to-earnings-growth ratio of 0.33 and a beta of 0.60. 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 business’s fifty day moving average is $43.85 and its two-hundred day moving average is $37.97.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, beating the consensus estimate of ($1.42) by $1.50. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.Delek US’s revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted ($2.32) earnings per share. Equities research analysts predict that Delek US Holdings, Inc. will post 4.96 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. Shareholders of record on Friday, May 1st were paid a dividend of $0.255 per share. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a yield of 2.0%. Delek US’s payout ratio is currently -112.09%.

Insider Transactions at Delek US

In other Delek US news, EVP Robert G. Wright sold 10,720 shares of the 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 transaction, the executive vice president owned 48,148 shares of the company’s stock, valued at approximately $2,266,326.36. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Denise Clark Mcwatters sold 11,988 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $41.33, for a total value of $495,464.04. Following the completion of the transaction, the executive vice president directly owned 74,196 shares in the company, valued at $3,066,520.68. The trade was a 13.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 58,601 shares of company stock worth $2,631,960. Company insiders own 3.56% of the company’s stock.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Delek US by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after buying an additional 38,577 shares during the period. Ion Asset Management Ltd. raised its position in Delek US by 1.8% in the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock worth $79,296,000 after acquiring an additional 67,490 shares during the period. State Street Corp boosted its stake in shares of Delek US by 3.4% during the 4th quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock worth $78,286,000 after acquiring an additional 87,846 shares during the last quarter. Morgan Stanley boosted its stake in shares of Delek US by 24.7% during the 4th quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock worth $60,300,000 after acquiring an additional 403,059 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Delek US by 29.4% during the 3rd quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after acquiring an additional 425,896 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.