Delek US (NYSE:DK) Reaches New 1-Year High at $35.36

Delek US Holdings, Inc. (NYSE:DKGet Rating)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $35.36 and last traded at $34.73, with a volume of 803 shares changing hands. The stock had previously closed at $33.94.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Cowen upped their price target on shares of Delek US to $30.00 in a report on Tuesday, September 20th. Morgan Stanley upped their price target on shares of Delek US to $27.00 in a report on Tuesday, November 15th. StockNews.com upgraded shares of Delek US from a “hold” rating to a “buy” rating in a report on Tuesday, November 8th. Wolfe Research upgraded shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $49.00 price target on the stock in a report on Wednesday, September 14th. Finally, Piper Sandler upped their target price on shares of Delek US from $44.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.50.

Delek US Price Performance

The firm’s 50-day moving average price is $29.64 and its two-hundred day moving average price is $28.25. The stock has a market cap of $2.36 billion, a PE ratio of 7.24, a PEG ratio of 0.35 and a beta of 1.44. The company has a current ratio of 1.05, a quick ratio of 0.63 and a debt-to-equity ratio of 2.08.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, November 17th. This is a boost from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio is presently 17.99%.

Institutional Investors Weigh In On Delek US

Several hedge funds have recently modified their holdings of the business. IFP Advisors Inc purchased a new stake in Delek US during the third quarter valued at approximately $30,000. Financial Management Professionals Inc. purchased a new stake in Delek US during the third quarter valued at approximately $31,000. Advisor Group Holdings Inc. lifted its position in Delek US by 44.3% during the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 486 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Delek US by 61.3% during the first quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 793 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its position in Delek US by 386.3% during the second quarter. Pinebridge Investments L.P. now owns 1,945 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 1,545 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

About Delek US

(Get Rating)

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.

Recommended Stories

Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.