Delek US Holdings, Inc. (NYSE:DK) has been given an average recommendation of “Hold” by the twenty research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $23.59.

DK has been the subject of a number of recent research reports. Citigroup Inc. reissued a “buy” rating and set a $29.00 price objective (down previously from $32.00) on shares of Delek US Holdings in a research report on Saturday, April 22nd. Barclays PLC reissued an “equal weight” rating and set a $28.00 price objective on shares of Delek US Holdings in a research report on Wednesday, July 5th. ValuEngine raised shares of Delek US Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) raised shares of Delek US Holdings from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $30.00 in a report on Tuesday, May 16th. Finally, Scotiabank set a $26.00 target price on shares of Delek US Holdings and gave the stock a “hold” rating in a report on Monday, June 26th.

In other news, CFO Assi Ginzburg sold 8,936 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $25.33, for a total transaction of $226,348.88. Following the sale, the chief financial officer now directly owns 94,431 shares in the company, valued at approximately $2,391,937.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles H. Leonard sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total transaction of $55,250.00. Following the sale, the director now owns 23,035 shares in the company, valued at $509,073.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 240,845 shares of company stock worth $6,127,346. Corporate insiders own 1.42% of the company’s stock.

Several hedge funds have recently made changes to their positions in DK. Vanguard Group Inc. boosted its stake in shares of Delek US Holdings by 33.7% in the second quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock valued at $183,982,000 after buying an additional 1,753,373 shares in the last quarter. FMR LLC boosted its stake in shares of Delek US Holdings by 24.9% in the second quarter. FMR LLC now owns 4,248,836 shares of the oil and gas company’s stock valued at $112,339,000 after buying an additional 846,855 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Delek US Holdings by 1.3% in the second quarter. BlackRock Inc. now owns 3,912,278 shares of the oil and gas company’s stock valued at $103,441,000 after buying an additional 50,532 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Delek US Holdings by 0.3% in the second quarter. Victory Capital Management Inc. now owns 2,649,770 shares of the oil and gas company’s stock valued at $70,060,000 after buying an additional 8,586 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Delek US Holdings by 67.0% in the second quarter. JPMorgan Chase & Co. now owns 2,415,921 shares of the oil and gas company’s stock valued at $63,877,000 after buying an additional 969,671 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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Delek US Holdings (NYSE:DK) traded down 1.03% during midday trading on Tuesday, hitting $22.13. The company’s stock had a trading volume of 779,171 shares. The firm’s market cap is $1.38 billion. Delek US Holdings has a 12 month low of $14.76 and a 12 month high of $27.85. The company’s 50 day moving average price is $25.63 and its 200 day moving average price is $24.56.

Delek US Holdings (NYSE:DK) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.37. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $944.29 million. During the same period in the previous year, the firm earned ($0.08) EPS. The company’s revenue was up 7.3% on a year-over-year basis. Analysts expect that Delek US Holdings will post ($0.20) EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.71%. The ex-dividend date is Monday, August 21st. Delek US Holdings’s payout ratio is currently -25.86%.

About Delek US Holdings

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

Analyst Recommendations for Delek US Holdings (NYSE:DK)

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