Wellington Management Co. LLP recently announced the acquisition of new stake in Delek US Holdings Inc. (NYSE:DK). The institutional investor has increased its shareholding in the Energy company by 1.96% to 5.65 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 7.69% valued currently at $98.83 million. In addition, Fidelity Management & Research Co.. raised its holdings by 0.24 million to 2.96 million shares. And Ion Asset Management (Israel) Ltd.. has lifted its position by 57.67% or 0.9 million shares – to 2.46 million shares.
With over 2.16 million Delek US Holdings Inc. (DK) shares trading Monday and a closing price of $15.73 on the day, the dollar volume was approximately $33.99 million. The shares have shown a negative weekly performance of -8.28% and its price on 08/31/20 lost nearly -9.49%. Currently, there are 73.55M common shares owned by the public and among those 71.79M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 17 analysts who have offered their price forecasts for DK have a consensus price objective of $19.71. The analysts have set the share’s price value over the next 12 months at a high of $30.00 and a low of $14.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Delek US Holdings Inc. stock is 2.90 for the next 12 months. The average price target is 20.35% above its last price level and an upside to the estimated low will see the stock lose -12.36% over that period. But an upside of 47.57% will see the stock hit the forecast high price target while mean target price for the stock is $19.00.
Insiders at the company have transacted a total of 46 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 1,662,469 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 140,515 shares.
The top 3 mutual fund holders in Delek US Holdings Inc. are Government Pension Fund – Global, SPDR S&P Oil & Gas Exploration &, and Vanguard Total Stock Market Index. Government Pension Fund – Global owns 2.39 million shares of the company’s stock, all valued at over $41.7 million. The company bought an additional 0.29 million shares recently to bring their total holdings to about 3.25% of the shares outstanding. SPDR S&P Oil & Gas Exploration & sold 5128.0 shares to see its total holdings shrink to 2.18 million shares valued at over $38.06 million and representing 2.96% of the shares outstanding. Vanguard Total Stock Market Index sold 1490.0 shares to bring its total holdings to over 2.12 million shares at a value of $36.99 million. Vanguard Total Stock Market Index now owns shares totaling to 2.88% of the shares outstanding.
Shares of Delek US Holdings Inc. (NYSE: DK) opened at $17.27, down -$0.11 from a prior closing price of $17.38. However, the script later closed the day at $15.73, down -9.49%. The company’s stock has a 5-day price change of -8.28% and -21.11% over the past three months. DK shares are trading -53.09% year to date (YTD), with the 12-month market performance down to -51.97% lower. It has a 12-month low price of $7.79 and touched a high of $40.90 over the same period. Currently, 2.16 million shares have been traded, compared to an average intraday trading volume of 1.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.83%, -7.45%, and -30.43% respectively.
Institutional ownership of Delek US Holdings Inc. (NYSE: DK) 73.55M shares outstanding. Mutual fund holders own 47.28%, while other institutional holders and individual stakeholders account for 61.56% and 10.39% respectively.
It has a market capitalization of $1.10B and a beta (3y monthly) value of 1.90. The earnings-per-share (ttm) stands at -$2.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.46% over the week and 6.64% over the month.
Analysts forecast that Delek US Holdings Inc. (DK) will achieve an EPS of -$0.59 for the current quarter, -$0.7 for the next quarter and -$0.01 for 2021. The lowest estimate earnings-per-share for the quarter is -$1.08 while analysts give the company a high EPS estimate of $0.52. Comparatively, EPS for the current quarter was $0.78 a year ago. Earnings per share for the fiscal year are expected to decrease by -0.60%, and 99.70% over the next financial year. EPS should shrink at an annualized rate of -9.20% over the next five years, compared to 3.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 17 brokerage firm advisors rate Delek US Holdings Inc. (DK) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 10 of the 17 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the DK, a number of firms have released research notes about the stock. Scotiabank stated their Sector Underperform rating for the stock in a research note on August 06, 2020, with the firm’s price target at $14. Tudor Pickering coverage for the Delek US Holdings Inc. (DK) stock in a research note released on July 09, 2020 offered a Hold rating with a price target of $17. Goldman was of a view on May 20, 2020 that the stock is Neutral, while Tudor Pickering gave the stock Sell rating on May 13, 2020, issuing a price target of. Cowen on their part issued Market Perform rating on April 14, 2020.