Delek US (NYSE:DK) Shares Gap Up to $17.44

Delek US Holdings, Inc. (NYSE:DK) shares gapped up prior to trading on Monday . The stock had previously closed at $17.44, but opened at $18.13. Delek US shares last traded at $18.75, with a volume of 2,810 shares trading hands.

Several research firms have recently weighed in on DK. Barclays reduced their price objective on Delek US from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 13th. increased their price objective on Delek US from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, June 9th. Morgan Stanley began coverage on Delek US in a research report on Tuesday, September 7th. They issued an “underweight” rating and a $20.00 price objective for the company. Zacks Investment Research cut Delek US from a “hold” rating to a “sell” rating and set a $17.00 price objective for the company. in a research report on Tuesday, July 20th. Finally, Wolfe Research cut Delek US from an “outperform” rating to a “peer perform” rating and set a $20.00 price objective for the company. in a research report on Wednesday, July 14th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.31.

The company has a debt-to-equity ratio of 2.31, a current ratio of 1.06 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $20.20. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -2.44 and a beta of 2.14.

Delek US (NYSE:DK) last released its quarterly earnings data on Tuesday, August 3rd. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.01) by $0.13. Delek US had a negative return on equity of 38.01% and a negative net margin of 6.58%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $1.96 billion. On average, sell-side analysts forecast that Delek US Holdings, Inc. will post -3.64 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its stake in shares of Delek US by 31.2% in the second quarter. Victory Capital Management Inc. now owns 4,669,475 shares of the oil and gas company’s stock valued at $100,954,000 after buying an additional 1,110,975 shares in the last quarter. SIR Capital Management L.P. bought a new position in Delek US in the second quarter valued at about $10,176,000. BlackRock Inc. boosted its holdings in Delek US by 5.4% in the second quarter. BlackRock Inc. now owns 6,957,996 shares of the oil and gas company’s stock valued at $150,430,000 after acquiring an additional 359,152 shares during the last quarter. Morgan Stanley boosted its holdings in Delek US by 660.4% in the second quarter. Morgan Stanley now owns 369,741 shares of the oil and gas company’s stock valued at $7,994,000 after acquiring an additional 321,118 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Delek US by 44.3% in the first quarter. Ameriprise Financial Inc. now owns 822,272 shares of the oil and gas company’s stock valued at $17,908,000 after acquiring an additional 252,499 shares during the last quarter.

Delek US Company Profile (NYSE:DK)

Delek US Holdings, Inc engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.

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