Delek US (NYSE:DK) Trading Up 6.2%

Delek US Holdings, Inc. (NYSE:DK)’s share price shot up 6.2% during mid-day trading on Tuesday . The company traded as high as $28.47 and last traded at $28.34. 837,445 shares were traded during trading, a decline of 17% from the average session volume of 1,011,483 shares. The stock had previously closed at $26.69.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DK. Citigroup assumed coverage on shares of Delek US in a research report on Wednesday, January 24th. They set a “neutral” rating on the stock. Bank of America upped their price objective on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Scotiabank upped their price objective on shares of Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. StockNews.com downgraded shares of Delek US from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Wells Fargo & Company upped their price objective on shares of Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, March 20th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Delek US currently has a consensus rating of “Hold” and a consensus target price of $28.56.

Delek US Stock Performance

The company has a market cap of $1.79 billion, a P/E ratio of 128.91 and a beta of 1.34. The company’s 50-day moving average is $29.07 and its two-hundred day moving average is $27.43. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.55 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. Delek US’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. Equities analysts predict that Delek US Holdings, Inc. will post 1.38 EPS for the current year.

Delek US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.58%. This is an increase from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, May 16th. Delek US’s dividend payout ratio is presently 445.45%.

Insider Transactions at Delek US

In other news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the sale, the chief financial officer now directly owns 18,925 shares of the company’s stock, valued at $539,362.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 4,976 shares of company stock valued at $141,243. 0.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Delek US

A number of institutional investors and hedge funds have recently bought and sold shares of DK. River Road Asset Management LLC raised its stake in Delek US by 510.1% in the fourth quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock valued at $96,675,000 after purchasing an additional 3,132,971 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Delek US by 2,421.9% during the fourth quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock worth $24,195,000 after acquiring an additional 900,600 shares in the last quarter. Norges Bank purchased a new position in shares of Delek US during the fourth quarter worth approximately $16,341,000. Raymond James & Associates purchased a new position in shares of Delek US during the fourth quarter worth approximately $13,295,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Delek US during the third quarter worth approximately $7,464,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.