Delek US Target of Unusually Large Options Trading (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders purchased 20,686 call options on the company. This represents an increase of 1,640% compared to the typical volume of 1,189 call options.

Delek US Stock Up 3.6%

Shares of DK stock traded up $0.71 during mid-day trading on Wednesday, hitting $20.32. The company's stock had a trading volume of 551,717 shares, compared to its average volume of 1,315,523. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -4.17 and a beta of 0.96. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US has a 52-week low of $11.03 and a 52-week high of $25.68. The business has a 50-day moving average price of $15.60 and a 200 day moving average price of $16.82.

Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the prior year, the business posted ($0.41) EPS. The company's revenue for the quarter was down 18.1% compared to the same quarter last year. Research analysts predict that Delek US will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a $0.255 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a yield of 5.02%. Delek US's payout ratio is -9.18%.

Institutional Investors Weigh In On Delek US

A number of large investors have recently made changes to their positions in DK. Sterling Capital Management LLC grew its position in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after buying an additional 1,311 shares during the period. CWM LLC increased its stake in shares of Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 1,164 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new position in Delek US in the 1st quarter worth $47,000. GAMMA Investing LLC lifted its position in Delek US by 907.0% during the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after purchasing an additional 3,746 shares in the last quarter. Finally, KBC Group NV grew its holdings in Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 1,538 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DK has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a report on Wednesday. UBS Group lowered their price target on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group upped their price target on shares of Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Mizuho raised Delek US from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $22.00 to $23.00 in a research note on Tuesday, May 13th. Finally, Scotiabank lowered their target price on Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Delek US presently has a consensus rating of "Hold" and a consensus target price of $17.60.

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.