Brokerages Set Delek US Holdings, Inc. (NYSE:DK) Price Target at $27.69

Delek US Holdings, Inc. (NYSE:DK) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $28.6923.

DK has been the topic of several recent analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $30.00 price target (up previously from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. The Goldman Sachs Group upped their price target on Delek US from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Raymond James Financial upped their price target on Delek US from $26.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. Cowen raised Delek US from a “sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Bank of America upped their price target on Delek US from $14.00 to $24.00 and gave the company an “underperform” rating in a research note on Wednesday, September 3rd.

Insider Activity

In related 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 value of $208,627.40. Following the sale, the chief financial officer owned 48,294 shares in the company, valued at approximately $1,412,116.56. The trade was a 12.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several institutional investors and hedge funds have recently modified their holdings of the company. Ion Asset Management Ltd. increased its holdings in Delek US by 1.8% during 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 period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Delek US by 113.5% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,601,777 shares of the oil and gas company’s stock worth $33,926,000 after purchasing an additional 851,458 shares during the period. Allianz Asset Management GmbH increased its holdings in Delek US by 25.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,051,066 shares of the oil and gas company’s stock worth $22,262,000 after purchasing an additional 211,791 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 purchasing an additional 270,792 shares during the period. Finally, Northern Trust Corp increased its holdings in Delek US by 9.2% during the 1st quarter. Northern Trust Corp now owns 987,086 shares of the oil and gas company’s stock worth $14,875,000 after purchasing an additional 83,246 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

NYSE DK opened at $32.29 on Wednesday. Delek US has a fifty-two week low of $11.02 and a fifty-two week high of $35.96. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. The firm has a market capitalization of $1.94 billion, a P/E ratio of -2.63 and a beta of 1.01. The stock’s fifty day moving average is $28.17 and its two-hundred day moving average is $21.84.

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

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, August 11th. Delek US’s payout ratio is currently -8.30%.

Delek US Company Profile

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.