Delek US Holdings Inc. (NYSE: DK) stock jumped 1.48% on Monday to $30.20 against a previous-day closing price of $29.76. With 1.29 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.32 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $31.00 whereas the lowest price it dropped to was $29.89. The 52-week range on DK shows that it touched its highest point at $35.45 and its lowest point at $19.39 during that stretch. It currently has a 1-year price target of $30.18. With its current market cap of 1.99 billion, DK has annualized dividend of $0.94 while the current yield stands at 3.11%. Beta for the stock currently stands at 1.44.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DK was down-trending over the past week, with a drop of -0.26%, but this was up by 11.98% over a month. Three-month performance surged to 27.97% while six-month performance rose 36.16%. The stock gained 13.11% in the past year, while it has gained 11.85% so far this year. A look at the trailing 12-month EPS for DK yields -0.80 with Next year EPS estimates of 1.00. For the next quarter, that number is 1.47. This implies an EPS growth rate of 307.30% for this year and -75.78% for next year. EPS is expected to grow by 0.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.30%.
Float and Shares Shorts:
At present, 65.77 million DK shares are outstanding with a float of 63.27 million shares on hand for trading. On Aug 30, 2023, short shares totaled 6.78 million, which was 10.47% higher than short shares on Jul 30, 2023. In addition to Mr. Ezra Uzi Yemin as the firm’s Exec. Chairman, Mr. Avigal Soreq serves as its Pres, CEO & Director.
Through their ownership of 105.35% of DK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.39% of DK, in contrast to 45.74% held by mutual funds. Shares owned by individuals account for 23.85%. As the largest shareholder in DK with 11.84% of the stake, The Vanguard Group, Inc. holds 7,674,557 shares worth 7,674,557. A second-largest stockholder of DK, BlackRock Fund Advisors, holds 4,492,646 shares, controlling over 6.93% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in DK, holding 3,991,623 shares or 6.16% stake. With a 4.84% stake in DK, the Government Pension Fund – Global is the largest stakeholder. A total of 3,138,270 shares are owned by the mutual fund manager. The SPDR S&P Oil & Gas Exploration &, which owns about 4.07% of DK stock, is the second-largest Mutual Fund holder. It holds 2,640,765 shares valued at 68.0 million. Victory Sycamore Small Company Op holds 3.05% of the stake in DK, owning 1,978,200 shares worth 50.94 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, DK reported revenue of $5.98B and operating income of $493.30M. The EBITDA in the recently reported quarter was $517.80M and diluted EPS was $5.05.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DK analysts setting a high price target of $56.00 and a low target of $21.00, the average target price over the next 12 months is $30.31. Based on these targets, DK could surge 85.43% to reach the target high and fall by -30.46% to reach the target low. Reaching the average price target will result in a growth of 0.36% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DK stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 197,203 while 34,773 shares were sold.