Brokerages Set Delek US Holdings, Inc. (NYSE:DK) Target Price at $25.30

Shares of Delek US Holdings, Inc. (NYSE:DK) have been assigned a consensus rating of “Reduce” from the eleven brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.30.

DK has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on Delek US from $25.00 to $23.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. Wolfe Research initiated coverage on shares of Delek US in a report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price target on the stock. Mizuho cut their price objective on Delek US from $31.00 to $27.00 and set an “underperform” rating for the company in a report on Thursday, June 20th. Piper Sandler cut their price target on Delek US from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. Finally, Wells Fargo & Company lowered their price target on Delek US from $25.00 to $20.00 and set an “underweight” rating for the company in a research note on Tuesday, July 16th.

Delek US Stock Performance

Shares of NYSE DK opened at $21.93 on Friday. The stock’s fifty day simple moving average is $23.07 and its 200 day simple moving average is $26.47. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -17.68 and a beta of 1.19. Delek US has a 52-week low of $19.33 and a 52-week high of $33.60. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 2.40.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($1.42) by $0.50. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.31 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The firm’s quarterly revenue was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 EPS. As a group, sell-side analysts forecast that Delek US will post -2.83 earnings per share for the current fiscal year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 12th will be given a dividend of $0.255 per share. The ex-dividend date is Monday, August 12th. This represents a $1.02 dividend on an annualized basis and a yield of 4.65%. This is a boost from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio is presently -82.26%.

Insider Buying and Selling at Delek US

In other news, Director Richard J. Marcogliese acquired 2,750 shares of Delek US stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the purchase, the director now owns 42,863 shares of the company’s stock, valued at $1,028,283.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Delek US news, Director Richard J. Marcogliese acquired 2,750 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the purchase, the director now owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Avigal Soreq acquired 5,651 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of $20.42 per share, with a total value of $115,393.42. Following the transaction, the chief executive officer now directly owns 188,881 shares in the company, valued at approximately $3,856,950.02. The disclosure for this purchase can be found here. Insiders have sold a total of 2,854 shares of company stock worth $65,603 over the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

Hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new position in Delek US during the 1st quarter valued at $31,000. Strs Ohio bought a new stake in shares of Delek US in the 4th quarter worth approximately $95,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Delek US during the 1st quarter worth approximately $172,000. TFO Wealth Partners LLC increased its position in shares of Delek US by 627,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock valued at $162,000 after purchasing an additional 6,274 shares during the period. Finally, Bailard Inc. bought a new position in Delek US in the second quarter worth $201,000. 97.01% of the stock is owned by institutional investors.

About Delek US

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.