Delek US Holdings, Inc. (NYSE:DK) Receives $39.54 Consensus Target Price from Brokerages

Delek US Holdings, Inc. (NYSE:DK) has been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $39.5385.

Several research firms have weighed in on DK. Raymond James Financial lifted their price target on shares of Delek US from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Wolfe Research raised Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Wednesday, September 3rd. Bank of America upped their price target on Delek US from $14.00 to $24.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 3rd. Scotiabank raised their price objective on Delek US from $33.00 to $40.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Finally, UBS Group upped their target price on Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th.

Insider Buying and Selling at Delek US

In other news, EVP Reuven Spiegel sold 27,000 shares of Delek US stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $41.36, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert G. Wright sold 5,643 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $41.46, for a total transaction of $233,958.78. Following the sale, the executive vice president directly owned 41,269 shares of the company’s stock, valued at approximately $1,711,012.74. The trade was a 12.03% decrease in their ownership of the stock. 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 valued at $2,446,658. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Delek US

Several institutional investors and hedge funds have recently modified their holdings of the stock. AMG National Trust Bank grew its holdings in Delek US by 0.4% during the second quarter. AMG National Trust Bank now owns 109,223 shares of the oil and gas company’s stock worth $2,313,000 after buying an additional 472 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of Delek US by 2.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 507 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Delek US by 0.9% in the 3rd quarter. Alliancebernstein L.P. now owns 66,005 shares of the oil and gas company’s stock worth $2,130,000 after acquiring an additional 573 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Delek US by 5.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company’s stock valued at $287,000 after purchasing an additional 686 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Delek US during the third quarter valued at about $27,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Trading Down 0.4%

Shares of DK stock opened at $29.60 on Monday. Delek US has a fifty-two week low of $11.02 and a fifty-two week high of $43.50. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.58 and a current ratio of 0.86. The stock has a 50 day simple moving average of $36.64 and a two-hundred day simple moving average of $30.01. The company has a market cap of $1.78 billion, a P/E ratio of -3.63 and a beta of 0.82.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. The company had revenue of $2.96 billion during the quarter. Research analysts forecast that Delek US will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 10th were issued a dividend of $0.255 per share. The ex-dividend date was Monday, November 10th. This represents a $1.02 annualized dividend and a yield of 3.4%. Delek US’s dividend payout ratio is presently -12.50%.

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.