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

Shares of Delek US Holdings, Inc. (NYSE:DK) have earned an average recommendation of “Hold” from the fifteen ratings 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 five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $45.00.

DK has been the subject of several recent research reports. UBS Group upped their price target on shares of Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Scotiabank upgraded shares of Delek US to a “hold” rating in a research report on Friday, March 27th. Zacks Research lowered shares of Delek US from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group upgraded shares of Delek US from a “neutral” rating to a “buy” rating and upped their price target for the stock from $43.00 to $55.00 in a research report on Friday, April 10th. Finally, Raymond James Financial upped their price target 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.

Insider Transactions at Delek US

In related news, EVP Reuven Spiegel sold 10,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $44.36, for a total value of $443,600.00. Following the completion of the transaction, the executive vice president owned 48,372 shares in the company, valued at $2,145,781.92. This represents a 17.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shlomo Zohar sold 7,343 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $46.00, for a total transaction of $337,778.00. Following the completion of the transaction, the director owned 6,646 shares of the company’s stock, valued at $305,716. This represents a 52.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 46,613 shares of company stock worth $2,136,496 over the last ninety days. Insiders own 3.56% of the company’s stock.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Delek US by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after purchasing an additional 38,577 shares in the last quarter. Mercuria Capital Strategies LLC bought a new position in shares of Delek US during the 3rd quarter valued at about $8,755,000. Burney Co. bought a new position in shares of Delek US during the 4th quarter valued at about $2,198,000. Comerica Bank boosted its position in shares of Delek US by 66.6% during the 4th quarter. Comerica Bank now owns 75,324 shares of the oil and gas company’s stock valued at $2,234,000 after purchasing an additional 30,123 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Delek US during the 3rd quarter valued at about $2,834,000. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Up 0.1%

Delek US stock opened at $47.26 on Monday. The company has a 50-day simple moving average of $44.02 and a 200-day simple moving average of $38.26. The firm has a market capitalization of $2.90 billion, a P/E ratio of -51.94, a P/E/G ratio of 0.32 and a beta of 0.60. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. Delek US has a one year low of $19.81 and a one year high of $50.33.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, topping the consensus estimate of ($1.42) by $1.50. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($2.32) earnings per share. As a group, equities analysts expect that Delek US will post 5.01 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, May 1st. Delek US’s dividend payout ratio is currently -112.09%.

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.