Delek US (NYSE:DK) Trading 7.3% Higher – Time to Buy?

Delek US Holdings, Inc. (NYSE:DK)’s share 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 Ratings Changes

A number of equities research analysts have commented on the company. Mizuho decreased their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Scotiabank reduced their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. raised their price objective on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company reduced their price objective on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, December 9th. Five equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.00.

Delek US Stock Performance

The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -4.01 and a beta of 1.20. The firm has a fifty day moving average of $18.31 and a 200 day moving average of $19.06. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the company earned $2.02 earnings per share. Delek US’s quarterly revenue was down 34.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Delek US

Several institutional investors have recently bought and sold shares of the company. Rubric Capital Management LP purchased a new stake in shares of Delek US during the third quarter worth approximately $37,500,000. Philosophy Capital Management LLC purchased a new stake in shares of Delek US during the third quarter worth approximately $21,471,000. International Assets Investment Management LLC increased its position in shares of Delek US by 1,753.2% during the third 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 in the last quarter. FMR LLC increased its position in shares of Delek US by 47.3% during the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after purchasing an additional 548,777 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Delek US by 51.5% during the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock worth $28,065,000 after purchasing an additional 508,719 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.