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

Delek US Holdings, Inc. (NYSE:DK) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $77.80 and last traded at $75.4370, with a volume of 126678 shares. The stock had previously closed at $75.28.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Morgan Stanley increased their target price on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Raymond James Financial raised their price target on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, July 13th. TD Cowen lifted their price target on Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.09.

Delek US Price Performance

The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.50 and a beta of 0.59. The company has a fifty day simple moving average of $64.81 and a two-hundred day simple moving average of $51.02.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the company posted ($0.56) EPS. The business’s revenue was up 47.9% on a year-over-year basis. On average, equities research analysts anticipate that Delek US Holdings, Inc. will post 11.05 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a dividend of $0.255 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 1.3%. Delek US’s payout ratio is presently 28.65%.

Insider Activity at Delek US

In other news, Director Vicky Sutil sold 6,397 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $71.50, for a total transaction of $457,385.50. Following the completion of the transaction, the director directly owned 26,407 shares of the company’s stock, valued at $1,888,100.50. This trade represents a 19.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Jr. Sullivan sold 27,688 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $69.01, for a total transaction of $1,910,748.88. Following the transaction, the director directly owned 32,004 shares of the company’s stock, valued at approximately $2,208,596.04. This trade represents a 46.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 160,042 shares of company stock valued at $10,705,777 in the last quarter. 3.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Delek US

A number of institutional investors and hedge funds have recently bought and sold shares of DK. BlackRock Inc. purchased a new stake in shares of Delek US during the second quarter worth about $275,233,000. California State Teachers Retirement System lifted its stake in shares of Delek US by 4,681.3% during the second quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company’s stock valued at $173,325,000 after buying an additional 3,339,885 shares during the period. ION Fund Management Ltd acquired a new stake in Delek US during the fourth quarter worth approximately $52,427,000. Norges Bank acquired a new stake in Delek US during the fourth quarter worth approximately $48,374,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Delek US by 6,300.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after acquiring an additional 1,285,861 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.