Delek US Holdings, Inc. (NYSE:DK) Receives $45.00 Average Price Target from Analysts

Delek US Holdings, Inc. (NYSE:DK) has received a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $45.00.

A number of analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. Zacks Research lowered shares of Delek US from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Scotiabank upgraded shares of Delek US to a “hold” rating in a research note on Friday, March 27th. Finally, The Goldman Sachs Group upgraded shares of Delek US from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $43.00 to $55.00 in a research note on Friday, April 10th.

Insider Activity

In related news, EVP Reuven Spiegel sold 10,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $44.36, for a total transaction of $443,600.00. Following the transaction, the executive vice president directly owned 48,372 shares in the company, valued at approximately $2,145,781.92. The trade was a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Robert G. Wright sold 10,720 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $47.07, for a total transaction of $504,590.40. Following the transaction, the executive vice president owned 48,148 shares in the company, valued at $2,266,326.36. The trade was a 18.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,270 shares of company stock worth $1,571,218 over the last three months. Corporate insiders own 3.56% of the company’s stock.

Hedge Funds Weigh In On Delek US

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Delek US by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after acquiring an additional 38,577 shares in the last quarter. Mercuria Capital Strategies LLC acquired a new position in Delek US during the 3rd quarter worth approximately $8,755,000. Burney Co. acquired a new position in Delek US during the 4th quarter worth approximately $2,198,000. Comerica Bank grew its holdings in Delek US by 66.6% during the 4th quarter. Comerica Bank now owns 75,324 shares of the oil and gas company’s stock worth $2,234,000 after acquiring an additional 30,123 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Delek US by 727.4% during the 4th quarter. GSA Capital Partners LLP now owns 120,119 shares of the oil and gas company’s stock worth $3,563,000 after acquiring an additional 105,601 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Trading Up 0.1%

NYSE:DK opened at $41.50 on Monday. Delek US has a 52 week low of $19.81 and a 52 week high of $50.33. The firm has a 50 day moving average of $43.84 and a 200 day moving average of $38.40. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -45.60, a PEG ratio of 0.27 and a beta of 0.60.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company posted ($2.32) earnings per share. As a group, sell-side analysts anticipate that Delek US will post 5.26 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were issued a $0.255 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a yield of 2.5%. Delek US’s payout ratio is presently -112.09%.

About Delek US

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.