Delek US (NYSE:DK) Trading Up 4% - What's Next?

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) shares were up 4% on Tuesday . The stock traded as high as $18.50 and last traded at $18.45. Approximately 84,116 shares changed hands during trading, a decline of 92% from the average daily volume of 1,075,419 shares. The stock had previously closed at $17.74.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DK shares. Bank of America assumed coverage on Delek US in a research report on Thursday, October 17th. They set an "underperform" rating and a $15.00 price objective on the stock. Wells Fargo & Company reduced their price target on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, December 9th. Scotiabank lowered their price objective on shares of Delek US from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. StockNews.com downgraded shares of Delek US from a "hold" rating to a "sell" rating in a research report on Saturday, September 21st. Finally, Morgan Stanley lowered their price target on Delek US from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, September 16th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $21.00.

Delek US Stock Performance

The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The business has a 50 day moving average price of $17.69 and a two-hundred day moving average price of $19.89. The stock has a market cap of $1.17 billion, a P/E ratio of -3.81 and a beta of 1.22.

Delek US (NYSE:DK - Get Free Report) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company's quarterly revenue was down 34.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.02 earnings per share. On average, sell-side analysts forecast that Delek US Holdings, Inc. will post -4.4 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.51%. Delek US's dividend payout ratio (DPR) is -20.99%.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Delek US in the 2nd quarter worth approximately $43,000. Farther Finance Advisors LLC boosted its stake in Delek US by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company's stock worth $145,000 after buying an additional 1,508 shares during the period. Capstone Investment Advisors LLC bought a new position in Delek US during the third quarter valued at $193,000. MQS Management LLC purchased a new stake in shares of Delek US in the third quarter valued at $201,000. Finally, Chesapeake Capital Corp IL purchased a new stake in shares of Delek US in the second quarter valued at $223,000. 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.