Delek US Holdings, Inc. (NYSE:DK) Stock Has Average Target Price of $70.83 According to Brokerages

Delek US Holdings, Inc. (NYSE:DK) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $70.83.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Mizuho reaffirmed a “neutral” rating and issued a $83.00 target price (up from $66.00) on shares of Delek US in a research report on Thursday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of Delek US in a research report on Thursday, August 6th. Wells Fargo & Company lifted their target price on shares of Delek US from $82.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Finally, Freedom Broker initiated coverage on shares of Delek US in a research report on Wednesday, October 7th. They set a “hold” rating and a $86.00 price target on the stock.

Delek US Trading Down 1.9%

NYSE DK opened at $74.34 on Friday. The stock has a market cap of $4.55 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 0.57 and a beta of 0.62. Delek US has a fifty-two week low of $25.85 and a fifty-two week high of $82.27. The stock has a 50 day simple moving average of $73.49 and a two-hundred day simple moving average of $58.39. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $2.81. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%. The business’s revenue was up 47.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.56) earnings per share. On average, analysts forecast that Delek US will post 18.04 earnings per share for the current year.

Insiders Place Their Bets

In other Delek US news, EVP Reuven Spiegel sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total transaction of $549,075.00. Following the transaction, the executive vice president owned 28,935 shares in the company, valued at approximately $2,118,331.35. This represents a 20.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary M. Jr. Sullivan sold 27,688 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $69.01, for a total value of $1,910,748.88. Following the completion of the transaction, the director directly owned 32,004 shares of the company’s stock, valued at $2,208,596.04. This represents a 46.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 163,377 shares of company stock valued at $11,082,485 over the last ninety days. 3.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Delek US

Several hedge funds have recently made changes to their positions in DK. Allworth Financial LP bought a new position in Delek US in the second quarter worth $30,000. Carolina Wealth Advisors LLC bought a new stake in shares of Delek US during the 3rd quarter valued at $38,000. Fortitude Family Office LLC boosted its holdings in shares of Delek US by 223.7% during the 3rd quarter. Fortitude Family Office LLC now owns 547 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 378 shares in the last quarter. IFP Advisors Inc grew its position in shares of Delek US by 842.7% in the 3rd quarter. IFP Advisors Inc now owns 707 shares of the oil and gas company’s stock worth $50,000 after buying an additional 632 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of Delek US by 1,327.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock worth $58,000 after buying an additional 1,818 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Delek US Company Profile

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.