Shares of Delek US Holdings, Inc. (NYSE:DK – Get Free Report) traded down 4.1% during mid-day trading on Tuesday. The stock traded as low as $74.22 and last traded at $75.2530. 136,749 shares changed hands during trading, a decline of 91% from the average session volume of 1,574,213 shares. The stock had previously closed at $78.47.
Wall Street Analyst Weigh In
DK has been the topic of a number of research analyst reports. Mizuho lowered shares of Delek US from an “outperform” rating to a “neutral” rating and raised their target price for the company from $66.00 to $83.00 in a research report on Thursday, October 8th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Raymond James Financial boosted their price objective on Delek US from $72.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. TD Cowen increased their price objective on shares of Delek US from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Finally, Freedom Broker initiated coverage on Delek US in a research report on Wednesday, October 7th. They set a “hold” rating and a $86.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Delek US has an average rating of “Moderate Buy” and a consensus price target of $75.00.
View Our Latest Stock Analysis on DK
Delek US Stock Up 0.1%
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 capitalization of $4.31 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 0.56 and a beta of 0.62. The company has a 50-day moving average of $73.72 and a two-hundred day moving average of $52.39.
Delek US (NYSE:DK – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share 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 firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the business earned ($0.56) earnings per share. The company’s revenue was up 47.9% on a year-over-year basis. On average, research analysts predict that Delek US Holdings, Inc. will post 18.79 EPS for the current year.
Insider Activity at Delek US
In other Delek US news, EVP Reuven Spiegel sold 7,500 shares of Delek US stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total value of $549,075.00. Following the sale, the executive vice president owned 28,935 shares of the company’s stock, valued at $2,118,331.35. The trade was a 20.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William J. Finnerty sold 2,943 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $77.17, for a total transaction of $227,111.31. Following the completion of the sale, the director owned 30,405 shares in the company, valued at $2,346,353.85. This represents a 8.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 163,377 shares of company stock worth $11,082,485 in the last 90 days. Insiders own 3.56% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in Delek US by 30.7% in the second quarter. Allworth Financial LP now owns 600 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 141 shares in the last quarter. Net Worth Advisory Group boosted its stake in shares of Delek US by 2.1% in the third quarter. Net Worth Advisory Group now owns 13,327 shares of the oil and gas company’s stock valued at $991,000 after buying an additional 277 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Delek US by 11.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,489 shares of the oil and gas company’s stock worth $249,000 after buying an additional 352 shares in the last quarter. Fortitude Family Office LLC grew its stake in Delek US by 223.7% in the 3rd quarter. Fortitude Family Office LLC now owns 547 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 378 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Delek US by 4.8% during the 3rd quarter. ProShare Advisors LLC now owns 8,380 shares of the oil and gas company’s stock valued at $598,000 after purchasing an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.
About Delek US
Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.
Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.
Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.
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