Delek US (NYSE:DK) Hits New 52-Week High – What’s Next?

Delek US Holdings, Inc. (NYSE:DK) shares hit a new 52-week high on Friday . The company traded as high as $69.24 and last traded at $69.12, with a volume of 443533 shares trading hands. The stock had previously closed at $64.04.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DK shares. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. The Goldman Sachs Group lifted their target price on shares of Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. JPMorgan Chase & Co. boosted their target price on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, TD Cowen upped their price target on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $53.15.

Delek US Price Performance

The company has a market capitalization of $4.36 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.55 and a beta of 0.57. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The stock’s 50 day simple moving average is $58.01 and its 200-day simple moving average is $47.41.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating the consensus estimate of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the firm posted ($0.56) earnings per share. The business’s revenue for the quarter was up 47.9% compared to the same quarter last year. As a group, equities analysts forecast that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Insiders Place Their Bets

In other Delek US news, Director Vicky Sutil sold 3,061 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $46.00, for a total value of $140,806.00. Following the completion of the transaction, the director owned 31,239 shares in the company, valued at $1,436,994. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Reuven Spiegel sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.21, for a total value of $682,100.00. Following the sale, the executive vice president directly owned 36,435 shares in the company, valued at $2,485,231.35. This represents a 21.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 123,629 shares of company stock valued at $7,947,385. Corporate insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Delek US

Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 432 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Delek US during the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Delek US by 173.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after buying an additional 614 shares during the period. Allworth Financial LP acquired a new stake in Delek US in the second quarter valued at approximately $30,000. Finally, Torren Management LLC acquired a new stake in Delek US in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Company Profile

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.