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

Delek US Holdings, Inc. (NYSE:DK) has been given a consensus rating of “Hold” by the fourteen research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $41.4615.

A number of brokerages have recently weighed in on DK. Wall Street Zen upgraded Delek US from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Citigroup lowered their price objective on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. Scotiabank upgraded shares of Delek US to a “hold” rating in a research note on Friday, March 27th. Raymond James Financial increased their target price on shares of Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a research note on Wednesday, January 21st.

Delek US Stock Performance

Shares of Delek US stock opened at $45.19 on Wednesday. Delek US has a 12 month low of $11.02 and a 12 month high of $48.32. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. The stock has a market cap of $2.70 billion, a PE ratio of -129.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.75. The business has a fifty day simple moving average of $37.22 and a 200-day simple moving average of $35.26.

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

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.255 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.3%. Delek US’s payout ratio is -291.43%.

Insider Activity at Delek US

In related news, EVP Reuven Spiegel sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.84, for a total value of $856,800.00. Following the completion of the sale, the executive vice president directly owned 48,530 shares in the company, valued at approximately $2,079,025.20. This represents a 29.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Shlomo Zohar sold 22,029 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $44.83, for a total transaction of $987,560.07. Following the transaction, the director directly owned 18,989 shares in the company, valued at $851,276.87. The trade was a 53.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 172,095 shares of company stock worth $7,257,409 over the last quarter. 3.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Delek US

A number of institutional investors and hedge funds have recently made changes to their positions in DK. Allianz Asset Management GmbH grew its stake in Delek US by 40.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock valued at $47,569,000 after buying an additional 423,017 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Delek US during the 3rd quarter worth $1,338,000. Federated Hermes Inc. bought a new stake in Delek US during the third quarter valued at about $5,416,000. Quantbot Technologies LP bought a new stake in Delek US during the second quarter valued at about $1,089,000. Finally, Mercuria Capital Strategies LLC acquired a new stake in shares of Delek US in the third quarter valued at about $8,755,000. Institutional investors and hedge funds 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.