Delek US Holdings, Inc. (NYSE:DK) Receives Average Recommendation of “Hold” from Brokerages

Shares of Delek US Holdings, Inc. (NYSE:DK) have been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $44.2308.

DK has been the subject of several recent analyst reports. Scotiabank upgraded Delek US to a “hold” rating in a report on Friday, March 27th. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Morgan Stanley set a $41.00 price objective on Delek US in a research note on Monday, May 4th. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Raymond James Financial lifted their price objective on Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th.

Insider Activity

In other Delek US news, EVP Denise Clark Mcwatters sold 11,988 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $41.33, for a total value of $495,464.04. Following the transaction, the executive vice president directly owned 74,196 shares of the company’s stock, valued at $3,066,520.68. This represents a 13.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Shlomo Zohar sold 22,029 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $44.83, for a total value of $987,560.07. Following the completion of the transaction, the director directly owned 18,989 shares in the company, valued at approximately $851,276.87. The trade was a 53.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 197,736 shares of company stock worth $8,433,442 in the last ninety days. 3.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently made changes to their positions in DK. ION Fund Management Ltd acquired a new position in shares of Delek US during the fourth quarter valued at $52,427,000. Norges Bank acquired a new position in shares of Delek US during the fourth quarter valued at $48,374,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Delek US by 6,300.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after acquiring an additional 1,285,861 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Delek US by 1,516.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock valued at $29,544,000 after acquiring an additional 934,448 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Delek US by 1,173.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock valued at $28,322,000 after acquiring an additional 879,900 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Delek US Trading Up 0.2%

Delek US stock opened at $43.79 on Thursday. The stock has a market cap of $2.68 billion, a PE ratio of -48.12, a P/E/G ratio of 0.33 and a beta of 0.63. The stock has a 50-day moving average price of $43.48 and a 200 day moving average price of $37.64. Delek US has a 52 week low of $18.12 and a 52 week high of $49.50. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted ($2.32) EPS. Equities research analysts predict that Delek US will post 4.95 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 annualized dividend and a yield of 2.3%. Delek US’s payout ratio is -112.09%.

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.