Delek US (NYSE:DK) Reaches New 52-Week High - Should You Buy?

Delek US Holdings, Inc. (NYSE:DK - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $25.64 and last traded at $25.91, with a volume of 375467 shares trading hands. The stock had previously closed at $24.33.

Analysts Set New Price Targets

DK has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Monday, May 19th. Wells Fargo & Company upped their price objective on shares of Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a research note on Wednesday, June 11th. The Goldman Sachs Group lifted their target price on Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Raymond James Financial upped their target price on Delek US from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, Scotiabank cut their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $17.60.

Delek US Price Performance

The company has a debt-to-equity ratio of 7.05, a current ratio of 0.85 and a quick ratio of 0.53. The company has a 50 day moving average price of $19.47 and a 200 day moving average price of $17.37. The firm has a market cap of $1.62 billion, a PE ratio of -2.40 and a beta of 0.98.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). Delek US had a negative return on equity of 63.88% and a negative net margin of 6.10%. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the company posted ($0.41) EPS. The firm's quarterly revenue was down 18.1% compared to the same quarter last year. Sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a yield of 3.82%. Delek US's payout ratio is currently -9.18%.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ion Asset Management Ltd. grew its holdings in Delek US by 6.4% during the first quarter. Ion Asset Management Ltd. now owns 3,676,400 shares of the oil and gas company's stock worth $55,403,000 after acquiring an additional 221,400 shares during the period. Barclays PLC grew its stake in shares of Delek US by 23.1% during the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock worth $34,078,000 after purchasing an additional 345,210 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Delek US by 35.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,037,599 shares of the oil and gas company's stock worth $15,637,000 after purchasing an additional 270,792 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Delek US by 21.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company's stock valued at $18,598,000 after purchasing an additional 180,498 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Delek US by 9.2% in the first quarter. Northern Trust Corp now owns 987,086 shares of the oil and gas company's stock valued at $14,875,000 after purchasing an additional 83,246 shares during the period. Institutional investors and hedge funds 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.