Shares of Delek US Holdings Inc (NYSE:DK) saw unusually-strong trading volume on Monday . Approximately 2,493,800 shares traded hands during trading, an increase of 43% from the previous session’s volume of 1,749,199 shares.The stock last traded at $38.71 and had previously closed at $36.58.
A number of research firms have recently commented on DK. ValuEngine upgraded Delek US from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Goldman Sachs Group lowered Delek US from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. Zacks Investment Research lowered Delek US from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Citigroup dropped their price objective on Delek US from $59.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, October 16th. Finally, TheStreet upgraded Delek US from a “c+” rating to a “b” rating in a research note on Wednesday, August 8th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Delek US presently has an average rating of “Buy” and a consensus price target of $52.14.
The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 0.87 and a beta of 1.37. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.43 and a quick ratio of 0.97.
Delek US (NYSE:DK) last released its earnings results on Tuesday, November 6th. The oil and gas company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.06). Delek US had a return on equity of 17.94% and a net margin of 4.40%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.96 billion. Equities research analysts anticipate that Delek US Holdings Inc will post 4.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 20th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 19th. This is an increase from Delek US’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.69%. Delek US’s dividend payout ratio (DPR) is 82.54%.
A number of hedge funds have recently added to or reduced their stakes in DK. Vanguard Group Inc. boosted its holdings in Delek US by 0.8% during the third quarter. Vanguard Group Inc. now owns 7,561,199 shares of the oil and gas company’s stock valued at $320,821,000 after purchasing an additional 60,214 shares in the last quarter. Kepos Capital LP boosted its holdings in Delek US by 82.9% during the third quarter. Kepos Capital LP now owns 135,473 shares of the oil and gas company’s stock valued at $5,748,000 after purchasing an additional 61,389 shares in the last quarter. Phocas Financial Corp. boosted its holdings in Delek US by 81.1% during the third quarter. Phocas Financial Corp. now owns 202,690 shares of the oil and gas company’s stock valued at $8,600,000 after purchasing an additional 90,799 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in Delek US by 52.2% during the third quarter. Glenmede Trust Co. NA now owns 501,316 shares of the oil and gas company’s stock valued at $21,270,000 after purchasing an additional 171,991 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Delek US by 16.8% during the third quarter. AQR Capital Management LLC now owns 200,833 shares of the oil and gas company’s stock valued at $8,521,000 after purchasing an additional 28,912 shares in the last quarter.
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Delek US Company Profile (NYSE:DK)
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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