Delek US Holdings, Inc. (NYSE:DK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Delek US Holdings, Inc. (NYSE:DK) have received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $39.5385.

Several equities analysts have commented on the stock. Piper Sandler boosted their price target on shares of Delek US from $39.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Morgan Stanley increased their price objective on Delek US from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, November 14th. TD Cowen boosted their target price on Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Wall Street Zen upgraded Delek US from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. increased their price target on Delek US from $19.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th.

Delek US Stock Up 0.2%

Shares of NYSE:DK opened at $30.77 on Monday. The firm has a market capitalization of $1.85 billion, a PE ratio of -3.77 and a beta of 0.82. Delek US has a 1 year low of $11.02 and a 1 year high of $43.50. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.58. The firm’s 50-day moving average is $37.06 and its two-hundred day moving average is $29.65.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share for the quarter. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. The firm had revenue of $2.96 billion during the quarter. Analysts predict that Delek US will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 10th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, November 10th. Delek US’s dividend payout ratio is presently -12.50%.

Insider Buying and Selling

In other Delek US news, EVP Robert G. Wright sold 5,643 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $41.46, for a total value of $233,958.78. Following the sale, the executive vice president directly owned 41,269 shares of the company’s stock, valued at approximately $1,711,012.74. This represents a 12.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Reuven Spiegel sold 27,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $41.36, for a total transaction of $1,116,720.00. Following the completion of the sale, the executive vice president owned 23,020 shares in the company, valued at $952,107.20. The trade was a 53.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 59,354 shares of company stock worth $2,446,658 over the last 90 days. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Delek US

Several large investors have recently bought and sold shares of DK. CIBC Bancorp USA Inc. acquired a new stake in Delek US in the third quarter valued at $205,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Delek US by 9.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 104,698 shares of the oil and gas company’s stock valued at $3,379,000 after acquiring an additional 9,176 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Delek US during the 3rd quarter worth about $923,000. PDT Partners LLC purchased a new stake in Delek US during the third quarter worth approximately $7,813,000. Finally, XTX Topco Ltd lifted its stake in Delek US by 29.7% during the third quarter. XTX Topco Ltd now owns 30,264 shares of the oil and gas company’s stock worth $977,000 after purchasing an additional 6,934 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.