Delek US (NYSE:DK) Shares Up 7.3% - Should You Buy?

Delek US Holdings, Inc. (NYSE:DK - Get Free Report)'s stock price traded up 7.3% during trading on Tuesday . The company traded as high as $19.42 and last traded at $19.38. 362,178 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 1,008,505 shares. The stock had previously closed at $18.06.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, December 9th. Mizuho lowered their price objective 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 initiated coverage on Delek US in a report on Thursday, October 17th. They issued an "underperform" rating and a $15.00 target price for the company. JPMorgan Chase & Co. increased their price target on Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $21.00.

Delek US Stock Down 1.9 %

The company has a market capitalization of $1.17 billion, a PE ratio of -3.83 and a beta of 1.20. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The stock's fifty day moving average is $18.30 and its two-hundred day moving average is $19.02.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $3.04 billion during 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%. Delek US's revenue was down 34.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.02 earnings per share. As a group, analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Institutional Trading of Delek US

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in shares of Delek US by 67.6% during the 2nd quarter. AQR Capital Management LLC now owns 35,456 shares of the oil and gas company's stock valued at $878,000 after acquiring an additional 14,297 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Delek US by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company's stock valued at $827,000 after purchasing an additional 1,282 shares during the last quarter. Creative Planning increased its position in shares of Delek US by 126.8% in the second quarter. Creative Planning now owns 19,135 shares of the oil and gas company's stock valued at $474,000 after acquiring an additional 10,697 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Delek US by 5.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company's stock worth $551,000 after buying an additional 1,419 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Delek US by 1,753.2% in the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company's stock worth $12,160,000 after purchasing an additional 613,514 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

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.