Brokerages Set Delek US Holdings, Inc. (NYSE:DK) PT at $24.73

Shares of Delek US Holdings, Inc. (NYSE:DK) have received a consensus rating of “Reduce” from the twelve brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $24.09.

A number of equities analysts recently commented on the stock. Morgan Stanley decreased their target price on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. StockNews.com cut shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Scotiabank decreased their target price on shares of Delek US from $27.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company lifted their target price on shares of Delek US from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 3rd. Finally, TD Cowen decreased their price objective on shares of Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th.

Insider Activity

In related news, CEO Avigal Soreq bought 5,651 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $20.42 per share, with a total value of $115,393.42. Following the purchase, the chief executive officer now owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

A number of large investors have recently modified their holdings of the stock. Quarry LP bought a new stake in Delek US during the second quarter worth about $43,000. TFO Wealth Partners LLC boosted its stake in 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 worth $162,000 after acquiring an additional 6,274 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Delek US during the first quarter worth about $172,000. Bailard Inc. bought a new stake in Delek US during the second quarter worth about $201,000. Finally, Chesapeake Capital Corp IL bought a new stake in Delek US during the second quarter worth about $223,000. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

Delek US stock opened at $18.68 on Friday. The firm’s fifty day moving average price is $20.47 and its 200-day moving average price is $24.72. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. The stock has a market cap of $1.20 billion, a P/E ratio of -15.06 and a beta of 1.14. Delek US has a fifty-two week low of $18.25 and a fifty-two week high of $33.60.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.50. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The firm’s revenue was down 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. On average, equities research analysts expect that Delek US will post -3.19 earnings per share for the current fiscal year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were paid a dividend of $0.255 per share. This is a positive change from Delek US’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.46%. Delek US’s payout ratio is presently -82.26%.

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.