Shares of Delek US Holdings, Inc. (NYSE:DK) have earned an average recommendation of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $26.08.

Several research firms have weighed in on DK. Scotiabank set a $26.00 price target on Delek US Holdings and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Tudor Pickering reissued a “hold” rating on shares of Delek US Holdings in a research report on Wednesday, July 12th. Wolfe Research raised Delek US Holdings from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 25th. BidaskClub raised Delek US Holdings from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $32.00 price target on shares of Delek US Holdings in a research report on Friday.

Delek US Holdings (NYSE DK) traded up 2.23% during trading on Friday, reaching $25.66. The company’s stock had a trading volume of 903,840 shares. Delek US Holdings has a 52 week low of $14.76 and a 52 week high of $27.85. The company’s market capitalization is $1.59 billion. The company has a 50 day moving average price of $24.20 and a 200-day moving average price of $24.65.

Delek US Holdings (NYSE:DK) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.37. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. Equities research analysts anticipate that Delek US Holdings will post ($0.06) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, August 21st. Delek US Holdings’s dividend payout ratio is currently -25.86%.

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In related news, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction on Friday, June 30th. The stock was sold at an average price of $26.80, for a total value of $30,444.80. Following the transaction, the insider now owns 13,683 shares in the company, valued at $366,704.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles H. Leonard sold 2,500 shares of Delek US Holdings stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the transaction, the director now owns 23,035 shares in the company, valued at approximately $509,073.50. The disclosure for this sale can be found here. Insiders sold 5,149 shares of company stock worth $126,989 in the last quarter. 1.61% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. First Midwest Bank Trust Division boosted its holdings in Delek US Holdings by 1.8% in the second quarter. First Midwest Bank Trust Division now owns 13,732 shares of the oil and gas company’s stock valued at $365,000 after acquiring an additional 237 shares during the last quarter. Foresters Investment Management Company Inc. boosted its holdings in Delek US Holdings by 0.8% in the first quarter. Foresters Investment Management Company Inc. now owns 59,500 shares of the oil and gas company’s stock valued at $1,444,000 after acquiring an additional 500 shares during the last quarter. Virginia Retirement Systems ET AL boosted its holdings in Delek US Holdings by 6.3% in the first quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock valued at $222,000 after acquiring an additional 545 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in Delek US Holdings by 15.6% in the first quarter. Tudor Investment Corp ET AL now owns 12,342 shares of the oil and gas company’s stock valued at $300,000 after acquiring an additional 1,666 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Delek US Holdings by 5.7% in the second quarter. GSA Capital Partners LLP now owns 35,100 shares of the oil and gas company’s stock valued at $928,000 after acquiring an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Holdings Company Profile

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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