Delek US Holdings Inc. (NYSE: DK) is 49.53% higher on its value in year-to-date trading and has touched a low of $8.92 and a high of $27.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DK stock was last observed hovering at around $23.57 in the last trading session, with the day’s gains setting it 0.46% off its average median price target of $24.00 for the next 12 months. It is also 31.34% off the consensus price target high of $35.00 offered by 16 analysts, but current levels are -41.35% lower than the price target low of $17.00 for the same period.
Currently trading at $24.03, the stock is 9.70% and 4.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.6 million and changing 1.95% at the moment leaves the stock 39.55% off its SMA200. DK registered 2.96% gain for a year compared to 6-month gain of 139.82%. The firm has a 50-day simple moving average (SMA 50) of $23.66 and a 200-day simple moving average (SMA200) of $17.05.
The stock witnessed a 10.84% loss in the last 1 month and extending the period to 3 months gives it a 18.55%, and is 15.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.73% over the week and 4.86% over the month.
Delek US Holdings Inc. (DK) has around 3532 employees, a market worth around $1.72B and $7.30B in sales. Fwd P/E is 47.03. Profit margin for the company is -8.30%. Distance from 52-week low is 169.39% and -12.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.50%).
Delek US Holdings Inc. (DK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Delek US Holdings Inc. (DK) is a “Hold”. 16 analysts offering their recommendations for the stock have an average rating of 3.00, where 9 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Delek US Holdings Inc. is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at -$1.39 with sales reaching $1.52B over the same period.The EPS is expected to shrink by -312.90% this year, but quarterly earnings will post 1.20% year-over-year. Quarterly sales are estimated to shrink -16.40% in year-over-year returns.
Delek US Holdings Inc. (DK) Top Institutional Holders
252 institutions hold shares in Delek US Holdings Inc. (DK), with 1.27M shares held by insiders accounting for 1.73% while institutional investors hold 102.26% of the company’s shares. The shares outstanding are 73.74M, and float is at 71.88M with Short Float at 5.34%. Institutions hold 100.50% of the Float.
The top institutional shareholder in the company is Icahn, Carl, C. with over 10.54 million shares valued at $169.38 million. The investor’s holdings represent 14.27% of the DK Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 6.8 million shares valued at $109.24 million to account for 9.20% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 6.49 million shares representing 8.79% and valued at over $104.3 million, while Wellington Management Group, LLP holds 5.47% of the shares totaling 4.04 million with a market value of $64.9 million.
Delek US Holdings Inc. (DK) Insider Activity
A total of 14 insider transactions have happened at Delek US Holdings Inc. (DK) in the last six months, with sales accounting for 7 and purchases happening 7 times. The most recent transaction is an insider sale by Staskus Nilah, the company’s EVP, Chief Accounting Officer. SEC filings show that Staskus Nilah sold 100 shares of the company’s common stock on Mar 05 at a price of $24.95 per share for a total of $2495.0. Following the sale, the insider now owns 8711.0 shares.
Delek US Holdings Inc. disclosed in a document filed with the SEC on Dec 10 that Marcogliese Richard J (Director) bought a total of 11,000 shares of the company’s common stock. The trade occurred on Dec 10 and was made at $16.92 per share for $0.19 million. Following the transaction, the insider now directly holds 19246.0 shares of the DK stock.
Still, SEC filings show that on Nov 18, FINNERTY WILLIAM J (Director) disposed off 3,500 shares at an average price of $13.57 for $47512.0. The insider now directly holds 23,500 shares of Delek US Holdings Inc. (DK).
Delek US Holdings Inc. (DK): Who are the competitors?
The company’s main competitors (and peers) include Valero Energy Corporation (VLO) that is trading 12.95% up over the past 12 months. HollyFrontier Corporation (HFC) is 6.07% up on the 1-year trading charts. Short interest in the company’s stock has fallen -6.37% from the last report on Apr 14, 2021 to stand at a total of 3.84 million short shares sold with a short interest ratio of 5.25.