Delek US Holdings, Inc. (NYSE:DK) Receives $39.23 Average PT from Brokerages

Delek US Holdings, Inc. (NYSE:DK) has been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $38.7692.

Several analysts recently weighed in on the company. The Goldman Sachs Group increased their price target on Delek US from $28.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their price objective on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday. Wall Street Zen raised shares of Delek US from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Raymond James Financial raised their target price on shares of Delek US from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Piper Sandler cut their price target on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th.

Insider Transactions at Delek US

In related news, EVP Robert G. Wright sold 2,303 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $40.43, for a total transaction of $93,110.29. Following the completion of the sale, the executive vice president directly owned 38,966 shares of the company’s stock, valued at approximately $1,575,395.38. This trade represents a 5.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Reuven Spiegel sold 27,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $41.36, for a total value of $1,116,720.00. Following the completion of the transaction, the executive vice president directly owned 23,020 shares in the company, valued at $952,107.20. This trade represents a 53.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 59,354 shares of company stock worth $2,446,658. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Delek US

A number of institutional investors and hedge funds have recently bought and sold shares of DK. Ion Asset Management Ltd. grew its position in shares of Delek US by 1.8% during the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock worth $79,296,000 after buying an additional 67,490 shares in the last quarter. Barclays PLC raised its holdings in shares of Delek US by 29.4% in the third quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after acquiring an additional 425,896 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Delek US by 113.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,601,777 shares of the oil and gas company’s stock worth $33,926,000 after acquiring an additional 851,458 shares during the period. Allianz Asset Management GmbH grew its holdings in Delek US by 40.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after acquiring an additional 423,017 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Delek US by 6,300.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after acquiring an additional 1,285,861 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Delek US Stock Down 4.7%

Shares of NYSE:DK opened at $27.64 on Friday. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -3.39 and a beta of 0.81. Delek US has a 12 month low of $11.02 and a 12 month high of $43.50. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 7.12. The company has a 50-day moving average price of $34.25 and a 200 day moving average price of $30.89.

Delek US (NYSE:DK) last issued its quarterly earnings data on Friday, November 7th. The oil and gas company reported $7.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $6.85. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.76 billion. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.45) earnings per share. As a group, equities research analysts predict that Delek US will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 10th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.7%. Delek US’s dividend payout ratio is currently -12.50%.

Delek US Company Profile

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.