Delek US (NYSE:DK) Stock Jumps 6.3% – What’s Next?

Delek US Holdings, Inc. (NYSE:DK) was up 6.3% during trading on Monday. The stock traded as high as $78.76 and last traded at $79.0680. Approximately 146,495 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,571,829 shares. The stock had previously closed at $74.41.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DK shares. Weiss Ratings upgraded Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Mizuho reaffirmed a “neutral” rating and issued a $83.00 target price (up from $66.00) on shares of Delek US in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Morgan Stanley increased their price objective on shares of Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, September 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.83.

Delek US Stock Performance

The company has a market cap of $4.84 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 0.56 and a beta of 0.62. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The stock has a 50-day moving average price of $73.49 and a 200 day moving average price of $58.48.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the business posted ($0.56) EPS. Delek US’s revenue for the quarter was up 47.9% on a year-over-year basis. As a group, analysts anticipate that Delek US Holdings, Inc. will post 18.04 EPS for the current fiscal year.

Insider Activity

In other news, EVP Amber Russell sold 5,392 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $75.50, for a total value of $407,096.00. Following the completion of the transaction, the executive vice president owned 35,670 shares in the company, valued at $2,693,085. This represents a 13.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Reuven Spiegel sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $73.21, for a total transaction of $549,075.00. Following the completion of the transaction, the executive vice president owned 28,935 shares of the company’s stock, valued at $2,118,331.35. This trade represents a 20.58% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 163,377 shares of company stock worth $11,082,485. Corporate insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Delek US

A number of hedge funds and other institutional investors have recently made changes to their positions in DK. Carolina Wealth Advisors LLC acquired a new stake in shares of Delek US during the third quarter worth $38,000. Sterling Capital Management LLC boosted its stake in Delek US by 837.7% in the 3rd quarter. Sterling Capital Management LLC now owns 2,016 shares of the oil and gas company’s stock worth $144,000 after purchasing an additional 1,801 shares during the period. Inspire Investing LLC acquired a new position in Delek US in the 3rd quarter worth $711,000. Yousif Capital Management LLC bought a new position in Delek US during the 3rd quarter worth about $1,119,000. Finally, Crossmark Global Holdings Inc. bought a new position in Delek US during the 3rd quarter worth about $229,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Delek US

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.