Delek US Holdings, Inc. (NYSE:DK) Receives $33.00 Average Target Price from Brokerages

Shares of Delek US Holdings, Inc. (NYSE:DK) have received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $33.00.

DK has been the subject of a number of research analyst reports. Piper Sandler upped their price target on Delek US from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Morgan Stanley set a $34.00 target price on shares of Delek US and gave the company an “equal weight” rating in a research note on Friday, October 3rd. Scotiabank lifted their price objective on Delek US from $20.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Raymond James Financial boosted their target price on Delek US from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, TD Cowen upgraded Delek US from a “sell” rating to a “hold” rating and increased their target price for the stock from $15.00 to $28.00 in a report on Friday, September 19th.

Delek US Stock Down 1.2%

DK opened at $38.41 on Friday. The business has a 50 day moving average price of $32.88 and a 200 day moving average price of $24.75. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. Delek US has a twelve month low of $11.02 and a twelve month high of $39.64. The firm has a market cap of $2.31 billion, a P/E ratio of -3.13 and a beta of 0.99.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. The business had revenue of $2.96 billion for the quarter. Research analysts forecast that Delek US will post -5.5 EPS for the current year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.02 annualized dividend and a yield of 2.7%. Delek US’s dividend payout ratio is currently -8.30%.

Insider Activity at Delek US

In other news, CFO Robert G. Wright sold 7,135 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total transaction of $208,627.40. Following the completion of the sale, the chief financial officer owned 48,294 shares in the company, valued at $1,412,116.56. The trade was a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DK. Ion Asset Management Ltd. boosted its position in shares of Delek US by 1.8% in 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 purchasing an additional 67,490 shares during 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 valued at $33,926,000 after buying an additional 851,458 shares during the period. Allianz Asset Management GmbH boosted its holdings in Delek US by 40.2% during the third quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after buying an additional 423,017 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Delek US by 35.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,037,599 shares of the oil and gas company’s stock worth $15,637,000 after buying an additional 270,792 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Delek US by 9.2% in the 1st quarter. Northern Trust Corp now owns 987,086 shares of the oil and gas company’s stock valued at $14,875,000 after acquiring an additional 83,246 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Delek US

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.