Delek US (NYSE:DK) Stock Price Up 4% – Still a Buy?

Delek US Holdings, Inc. (NYSE:DK) shares were up 4% during mid-day trading on Tuesday . The company traded as high as $18.50 and last traded at $18.45. Approximately 84,116 shares traded hands during trading, a decline of 92% from the average daily volume of 1,075,419 shares. The stock had previously closed at $17.74.

Wall Street Analyst Weigh In

DK has been the subject of a number of research analyst reports. Mizuho cut their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Bank of America began coverage on Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target for the company. Morgan Stanley decreased their price objective on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. StockNews.com lowered shares of Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Finally, Wells Fargo & Company decreased their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.00.

Delek US Price Performance

The company’s 50 day simple moving average is $17.66 and its 200 day simple moving average is $19.93. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company has a market capitalization of $1.17 billion, a PE ratio of -3.81 and a beta of 1.22.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s revenue was down 34.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.02 earnings per share. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post -4.4 earnings per share for the current year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $0.255 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.50%. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Rubric Capital Management LP acquired a new stake in shares of Delek US in the 3rd quarter worth about $37,500,000. Philosophy Capital Management LLC bought a new stake in shares of Delek US during the 3rd quarter worth $21,471,000. Encompass Capital Advisors LLC acquired a new position in shares of Delek US in the 2nd quarter worth $22,833,000. Point72 Asset Management L.P. acquired a new stake in shares of Delek US during the second quarter worth $19,806,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Delek US by 1,753.2% during the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock valued at $12,160,000 after purchasing an additional 613,514 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.