Delek US (NYSE:DK) Trading 5.7% Higher - Here's What Happened

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) was up 5.7% on Monday . The company traded as high as $19.95 and last traded at $19.95. Approximately 406,943 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 985,801 shares. The stock had previously closed at $18.87.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Piper Sandler dropped their target price on Delek US from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, September 20th. Mizuho decreased their target price on Delek US from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Bank of America assumed coverage on Delek US in a report on Thursday, October 17th. They issued an "underperform" rating and a $15.00 price target for the company. Wells Fargo & Company reduced their price target on Delek US from $18.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, December 9th. Finally, Wolfe Research raised Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, Delek US currently has a consensus rating of "Hold" and an average target price of $21.00.

Delek US Trading Up 3.2 %

The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company has a fifty day moving average of $18.03 and a 200-day moving average of $19.57. The firm has a market capitalization of $1.23 billion, a PE ratio of -4.01 and a beta of 1.22.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating the consensus estimate of ($1.71) by $0.26. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business's revenue was down 34.3% compared to the same quarter last year. During the same period last year, the company earned $2.02 earnings per share. On average, sell-side analysts anticipate that Delek US Holdings, Inc. will post -4.38 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.24%. Delek US's payout ratio is presently -20.99%.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently added to or reduced their stakes in DK. Rubric Capital Management LP bought a new position in shares of Delek US in the third quarter valued at approximately $37,500,000. Philosophy Capital Management LLC bought a new stake in shares of Delek US during the 3rd quarter valued at $21,471,000. Encompass Capital Advisors LLC bought a new stake in shares of Delek US during the 2nd quarter valued at $22,833,000. Point72 Asset Management L.P. bought a new stake in shares of Delek US during the 2nd quarter valued at $19,806,000. Finally, International Assets Investment Management LLC raised its position in shares of Delek US by 1,753.2% during the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company's stock valued at $12,160,000 after acquiring an additional 613,514 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Company Profile

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.