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

Delek US Holdings, Inc. (NYSE:DK) has earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $46.0769.

A number of analysts have recently weighed in on DK shares. UBS Group upped their target price on Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. The Goldman Sachs Group upgraded Delek US from a “neutral” rating to a “buy” rating and raised their price target for the stock from $43.00 to $55.00 in a research report on Friday, April 10th. Citigroup boosted their price target on Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company increased their price objective on shares of Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st.

Delek US Trading Up 0.1%

Shares of DK stock opened at $56.10 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The stock has a market cap of $3.44 billion, a P/E ratio of -61.65, a price-to-earnings-growth ratio of 0.34 and a beta of 0.58. The stock has a 50 day simple moving average of $46.68 and a 200 day simple moving average of $39.94. Delek US has a 1 year low of $19.81 and a 1 year high of $56.47.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the business posted ($2.32) earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, research analysts predict that Delek US will post 5.58 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s dividend payout ratio is -112.09%.

Insiders Place Their Bets

In other Delek US news, Director Vicky Sutil sold 3,061 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $46.00, for a total transaction of $140,806.00. Following the completion of the transaction, the director directly owned 31,239 shares in the company, valued at $1,436,994. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laurie Z. Tolson sold 4,921 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $46.30, for a total value of $227,842.30. Following the sale, the director owned 18,226 shares of the company’s stock, valued at $843,863.80. The trade was a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,270 shares of company stock valued at $1,828,718 over the last three months. 3.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently modified their holdings of DK. Brown Brothers Harriman & Co. bought a new stake in shares of Delek US during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its position in Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 432 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 614 shares during the last quarter. Torren Management LLC acquired a new position in Delek US during the fourth quarter worth about $40,000. Finally, Focus Partners Wealth acquired a new position in Delek US during the third quarter worth about $44,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Delek US

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.