Delek US Holdings, Inc. (NYSE:DK) Receives Consensus Rating of “Hold” from Brokerages

Delek US Holdings, Inc. (NYSE:DK) has received an average rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $39.4615.

Several equities analysts have recently issued reports on DK shares. UBS Group raised their price target on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. JPMorgan Chase & Co. reduced their price objective on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Citigroup decreased their price objective on Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, January 26th. Mizuho lifted their target price on Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st.

Insiders Place Their Bets

In other Delek US news, EVP Reuven Spiegel sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $42.84, for a total transaction of $856,800.00. Following the completion of the transaction, the executive vice president owned 48,530 shares in the company, valued at approximately $2,079,025.20. This trade represents a 29.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Avigal Soreq sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $41.08, for a total transaction of $2,054,000.00. Following the completion of the transaction, the chief executive officer owned 251,678 shares in the company, valued at $10,338,932.24. This trade represents a 16.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 147,764 shares of company stock valued at $6,196,667 over the last three months. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several large investors have recently modified their holdings of DK. Caitong International Asset Management Co. Ltd lifted its holdings in Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 432 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Delek US in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its stake in shares of Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares during the period. AlphaQuest LLC lifted its stake in shares of Delek US by 7,331.8% in the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,613 shares during the period. Finally, Torren Management LLC bought a new stake in shares of Delek US during the 4th quarter valued at about $40,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Stock Performance

NYSE:DK opened at $41.93 on Friday. The stock’s 50-day moving average is $33.04 and its 200-day moving average is $33.73. Delek US has a 1-year low of $11.02 and a 1-year high of $45.74. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 5.89. The stock has a market cap of $2.52 billion, a P/E ratio of -119.79, a price-to-earnings-growth ratio of 4.93 and a beta of 0.75.

Delek US (NYSE:DK) last issued its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business earned ($2.54) EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Delek US will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, March 2nd. Delek US’s payout ratio is currently -291.43%.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.