Delek US (NYSE:DK) Reaches New 1-Year High – Still a Buy?

Delek US Holdings, Inc. (NYSE:DK) shares reached a new 52-week high during trading on Monday . The stock traded as high as $52.30 and last traded at $51.04, with a volume of 107386 shares. The stock had previously closed at $47.82.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DK shares. Scotiabank upgraded Delek US to a “hold” rating in a report on Friday, March 27th. Morgan Stanley lifted their price objective on Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. Wells Fargo & Company boosted their price objective on Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Citigroup upped their target price on shares of Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Finally, UBS Group raised 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. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.08.

Delek US Stock Performance

The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -56.48, a PEG ratio of 0.31 and a beta of 0.60. The stock has a 50 day simple moving average of $44.27 and a two-hundred day simple moving average of $38.67.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate 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 for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned ($2.32) EPS. As a group, analysts anticipate that Delek US Holdings, Inc. will post 5.26 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors 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 annualized dividend and a yield of 2.0%. Delek US’s payout ratio is presently -112.09%.

Insiders Place Their Bets

In other Delek US news, EVP Reuven Spiegel sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $44.36, for a total transaction of $443,600.00. Following the sale, the executive vice president owned 48,372 shares of the company’s stock, valued at approximately $2,145,781.92. This trade represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laurie Z. Tolson sold 4,921 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $46.30, for a total transaction of $227,842.30. Following the sale, the director owned 18,226 shares of the company’s stock, valued at $843,863.80. This represents a 21.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 34,270 shares of company stock valued at $1,571,218. 3.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DK. ION Fund Management Ltd acquired a new stake in Delek US during the 4th quarter worth $52,427,000. Norges Bank acquired a new position in Delek US in the fourth quarter valued at $48,374,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Delek US by 6,300.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after purchasing an additional 1,285,861 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Delek US by 1,516.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock worth $29,544,000 after purchasing an additional 934,448 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Delek US by 1,173.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock worth $28,322,000 after purchasing an additional 879,900 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.