Delek US (NYSE:DK) Stock Price Up 3.1% - Time to Buy?

Delek US Holdings, Inc. (NYSE:DK - Get Free Report)'s stock price shot up 3.1% on Wednesday . The company traded as high as $16.29 and last traded at $16.43. 43,902 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 1,473,431 shares. The stock had previously closed at $15.94.

Analyst Ratings Changes

A number of research firms recently commented on DK. JPMorgan Chase & Co. increased their target price on shares of Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Wells Fargo & Company increased their price objective on Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Mizuho dropped their target price on Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Piper Sandler decreased their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Morgan Stanley decreased their price objective on shares of Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $20.40.

Delek US Price Performance

The stock has a market cap of $978.83 million, a price-to-earnings ratio of -3.22 and a beta of 1.14. The stock's 50 day moving average price is $17.03 and its two-hundred day moving average price is $17.85. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

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Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business's quarterly revenue was down 39.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.46) EPS. Equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US's dividend payout ratio (DPR) is -11.54%.

Insider Activity at Delek US

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the acquisition, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have bought 5,055 shares of company stock worth $70,787. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently added to or reduced their stakes in the stock. Rafferty Asset Management LLC boosted its holdings in Delek US by 0.7% in the 4th quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock worth $2,122,000 after buying an additional 797 shares during the last quarter. Sei Investments Co. raised its stake in Delek US by 2.3% in the 4th quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock valued at $973,000 after purchasing an additional 1,192 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Delek US by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company's stock worth $668,000 after buying an additional 1,227 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Delek US by 7.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company's stock worth $342,000 after purchasing an additional 1,292 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after buying an additional 1,311 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

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.