Delek US (NYSE:DK) Hits New 52-Week High - Time to Buy?

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DK shares. Raymond James Financial raised their price target on Delek US from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Mizuho raised shares of Delek US from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $22.00 to $23.00 in a report on Tuesday, May 13th. Wells Fargo & Company increased their price target on shares of Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 11th. Scotiabank lifted their price objective on shares of Delek US from $14.00 to $20.00 and gave the company a "sector perform" rating in a research note on Friday. Finally, The Goldman Sachs Group increased their target price on shares of Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Delek US presently has a consensus rating of "Hold" and a consensus target price of $18.10.

Delek US Price Performance

The business's 50 day simple moving average is $19.73 and its 200-day simple moving average is $17.44. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -2.39 and a beta of 0.98. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.53 and a current ratio of 0.85.

Delek US (NYSE:DK - Get Free Report) last posted 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 net margin of 6.10% and a negative return on equity of 63.88%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the business earned ($0.41) EPS. Delek US's revenue was down 18.1% compared to the same quarter last year. Research analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a dividend of $0.255 per share. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a dividend yield of 3.84%. Delek US's dividend payout ratio (DPR) is -9.18%.

Institutional Trading of Delek US

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Delek US by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company's stock valued at $14,186,000 after acquiring an additional 45,017 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Delek US in the 4th quarter valued at $5,100,000. PNC Financial Services Group Inc. raised its holdings in Delek US by 8.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,500 shares of the oil and gas company's stock worth $361,000 after buying an additional 1,464 shares during the period. Swiss National Bank lifted its stake in Delek US by 1.3% during the fourth quarter. Swiss National Bank now owns 126,891 shares of the oil and gas company's stock valued at $2,347,000 after buying an additional 1,600 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Delek US by 26.5% in the fourth quarter. Intech Investment Management LLC now owns 24,517 shares of the oil and gas company's stock worth $454,000 after buying an additional 5,131 shares during the period. 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.