Delek US (DK) Hits New 52-Week High at $38.31

Delek US Holdings, Inc. (NYSE:DK) hit a new 52-week high on Tuesday . The company traded as high as $38.31 and last traded at $37.64, with a volume of 638700 shares trading hands. The stock had previously closed at $37.15.

A number of brokerages recently weighed in on DK. Zacks Investment Research downgraded shares of Delek US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Morgan Stanley raised shares of Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a research note on Thursday, January 11th. Scotiabank reaffirmed a “buy” rating and issued a $43.00 target price on shares of Delek US in a research note on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $40.00 target price on shares of Delek US in a research note on Wednesday, December 20th. Finally, Howard Weil raised shares of Delek US from a “sector perform” rating to a “focus list” rating and raised their target price for the company from $26.00 to $41.00 in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.79.

The stock has a market cap of $3,070.00, a P/E ratio of 4.58, a P/E/G ratio of 2.04 and a beta of 2.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 0.76.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. Delek US had a net margin of 2.09% and a return on equity of 1.71%. analysts expect that Delek US Holdings, Inc. will post 0.85 EPS for the current fiscal year.

In other news, COO Frederec Green sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $36.00, for a total value of $900,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Assi Ginzburg sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total transaction of $560,000.00. The disclosure for this sale can be found here. Insiders have sold 230,631 shares of company stock worth $7,573,903 over the last three months. Insiders own 1.61% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Delek US in the third quarter worth approximately $114,000. Hanseatic Management Services Inc. grew its holdings in shares of Delek US by 18,606.3% in the third quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 5,954 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Delek US by 51.3% in the third quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock worth $188,000 after purchasing an additional 2,412 shares during the last quarter. Amalgamated Bank bought a new position in shares of Delek US in the second quarter worth approximately $207,000. Finally, ETRADE Capital Management LLC bought a new position in shares of Delek US in the third quarter worth approximately $215,000. Hedge funds and other institutional investors own 93.10% of the company’s stock.

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About Delek US

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

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