Delek US (NYSE:DK) Now Covered by Freedom Broker

Freedom Broker began coverage on shares of Delek US (NYSE:DK) in a research report released on Wednesday morning,Benzinga reports. The firm issued a hold rating and a $86.00 price objective on the oil and gas company’s stock.

A number of other research firms also recently commented on DK. Mizuho increased their target price on shares of Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Citigroup restated a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. The Goldman Sachs Group raised their price objective on Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Finally, Wells Fargo & Company raised their price objective on Delek US from $59.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.17.

Delek US Price Performance

DK stock opened at $75.52 on Wednesday. The business has a 50 day moving average price of $70.43 and a 200 day moving average price of $55.79. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.38 and a beta of 0.62. Delek US has a fifty-two week low of $25.85 and a fifty-two week high of $82.27.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating the consensus estimate of $2.67 by $2.81. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm’s revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.56) earnings per share. Equities research analysts anticipate that Delek US will post 15.54 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a dividend of $0.2550 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is presently 28.65%.

Insider Buying and Selling

In other news, Director Vicky Sutil sold 6,397 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $71.50, for a total value of $457,385.50. Following the transaction, the director owned 26,407 shares of the company’s stock, valued at approximately $1,888,100.50. The trade was a 19.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Hobbs sold 20,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $64.59, for a total value of $1,291,800.00. Following the sale, the executive vice president directly owned 104,326 shares of the company’s stock, valued at approximately $6,738,416.34. This represents a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 163,377 shares of company stock worth $11,082,485. 3.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC acquired a new stake in Delek US in the second quarter valued at about $334,000. WINTON GROUP Ltd increased its position in Delek US by 445.3% during the 2nd quarter. WINTON GROUP Ltd now owns 57,800 shares of the oil and gas company’s stock worth $2,937,000 after purchasing an additional 47,200 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Delek US during the 2nd quarter worth approximately $61,000. Squarepoint Ops LLC raised its stake in shares of Delek US by 110.9% during the 2nd quarter. Squarepoint Ops LLC now owns 176,773 shares of the oil and gas company’s stock worth $8,982,000 after buying an additional 92,957 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Delek US by 30.7% in the 2nd quarter. Allworth Financial LP now owns 600 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 141 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Delek US

Delek US Holdings, Inc is an independent downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing transportation fuels and other refined petroleum products for commercial and wholesale customers.

Delek’s refining operations have included facilities in the U.S. Gulf Coast and Mid-Continent regions, with assets in Texas, Arkansas and Louisiana. Its products may include gasoline, diesel, jet fuel, asphalt and other refined products.