Delek US (NYSE:DK) Stock Price Up 5.8% on Analyst Upgrade

Delek US Holdings, Inc. (NYSE:DK) traded up 5.8% during mid-day trading on Wednesday after Mizuho raised their price target on the stock from $51.00 to $54.00. Mizuho currently has an outperform rating on the stock. Delek US traded as high as $44.50 and last traded at $44.79. 687,260 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 1,571,091 shares. The stock had previously closed at $42.34.

DK has been the subject of a number of other research reports. Citigroup reduced their price target on Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. UBS Group raised their price objective on Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Wall Street Zen upgraded Delek US from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. JPMorgan Chase & Co. dropped their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. Finally, Morgan Stanley reduced their price objective on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.69.

Insider Transactions at Delek US

In other Delek US news, EVP Reuven Spiegel sold 20,000 shares of Delek US stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $42.84, for a total value of $856,800.00. Following the transaction, the executive vice president directly owned 48,530 shares of the company’s stock, valued at $2,079,025.20. The trade was a 29.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William J. Finnerty sold 5,392 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $42.75, for a total value of $230,508.00. Following the transaction, the director owned 46,369 shares of the company’s stock, valued at approximately $1,982,274.75. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 159,752 shares of company stock worth $6,692,131. Insiders own 3.56% of the company’s stock.

Hedge Funds Weigh In On Delek US

Several large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its position 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 worth $26,000 after acquiring an additional 432 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Delek US during the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its stake in shares of Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares in the last quarter. Torren Management LLC bought a new position in Delek US in the fourth quarter worth $40,000. Finally, Focus Partners Wealth bought a new position in Delek US in the third quarter worth $44,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Price Performance

The stock has a market cap of $2.72 billion, a price-to-earnings ratio of -130.08 and a beta of 0.75. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.53. The stock’s 50 day simple moving average is $34.33 and its two-hundred day simple moving average is $34.29.

Delek US (NYSE:DK) last released its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm earned ($2.54) EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, March 2nd. Delek US’s payout ratio is presently -291.43%.

About Delek US

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.