Delek US (NYSE:DK) Hits New 1-Year High – Time to Buy?

Delek US Holdings, Inc. (NYSE:DK) hit a new 52-week high on Friday . The stock traded as high as $69.24 and last traded at $69.12, with a volume of 443533 shares traded. The stock had previously closed at $64.04.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings upgraded Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Mizuho increased their price objective on shares of Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Morgan Stanley lifted their price objective on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Delek US currently has a consensus rating of “Hold” and an average target price of $53.15.

Delek US Stock Up 11.8%

The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. The stock has a market capitalization of $4.38 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.44 and a beta of 0.57. The stock’s 50 day simple moving average is $57.54 and its 200 day simple moving average is $47.24.

Delek US (NYSE:DK) last released its 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. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company’s revenue was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.56) EPS. As a group, research analysts predict that Delek US Holdings, Inc. will post 10.1 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is 28.65%.

Insider Transactions at Delek US

In related news, CEO Avigal Soreq sold 80,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $66.51, for a total value of $5,320,800.00. Following the completion of the sale, the chief executive officer directly owned 231,486 shares of the company’s stock, valued at $15,396,133.86. The trade was a 25.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky Sutil sold 1,871 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $48.00, for a total value of $89,808.00. Following the sale, the director owned 29,368 shares in the company, valued at $1,409,664. The trade was a 5.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 123,629 shares of company stock valued at $7,947,385 over the last 90 days. Corporate insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thoroughbred Financial Services LLC increased its holdings in shares of Delek US by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after acquiring an additional 348 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Delek US by 1.8% in the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 400 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in Delek US by 23.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 425 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its position in Delek US by 2.2% during the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after purchasing an additional 507 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

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.