Delek US Holdings, Inc. (NYSE:DK) Receives Consensus Rating of “Reduce” from Analysts

Delek US Holdings, Inc. (NYSE:DK) has been given an average recommendation of “Reduce” by the ten analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $28.56.

Several analysts recently commented on the stock. Bank of America raised their price objective on shares of Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. UBS Group lifted their price target on shares of Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. TD Cowen upped their price target on Delek US from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Wells Fargo & Company lifted their price objective on Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, March 20th. Finally, Mizuho boosted their target price on Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, March 22nd.

Insider Activity

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of Delek US stock in a transaction on Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the transaction, the chief financial officer now owns 18,925 shares in the company, valued at approximately $539,362.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 4,976 shares of company stock valued at $141,243 in the last 90 days. 0.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. River Road Asset Management LLC raised its holdings in shares of Delek US by 510.1% during the 4th quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock valued at $96,675,000 after buying an additional 3,132,971 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Delek US by 2,421.9% in the fourth quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock valued at $24,195,000 after purchasing an additional 900,600 shares during the period. Norges Bank acquired a new stake in Delek US during the 4th quarter valued at $16,341,000. Raymond James & Associates purchased a new stake in Delek US during the 4th quarter worth $13,295,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Delek US during the third quarter worth about $7,464,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Stock Performance

Shares of DK stock opened at $27.29 on Wednesday. The stock’s 50-day moving average price is $29.17 and its 200 day moving average price is $27.44. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $1.75 billion, a PE ratio of 124.05 and a beta of 1.32. Delek US has a 52-week low of $19.39 and a 52-week high of $33.60.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). Delek US had a return on equity of 18.27% and a net margin of 0.12%. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that Delek US will post 1.38 EPS for the current year.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Delek US’s previous quarterly dividend of $0.24. This represents a $0.98 annualized dividend and a yield of 3.59%. Delek US’s dividend payout ratio is 445.45%.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.