Brokerages Set Delek US Holdings, Inc. (NYSE:DK) Price Target at $51.92

Delek US Holdings, Inc. (NYSE:DK) has earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $51.9231.

Several research analysts have recently weighed in on DK shares. JPMorgan Chase & Co. upped their target price on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Raymond James Financial lifted their price target on Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Weiss Ratings cut shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Wall Street Zen cut Delek US from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st.

Delek US Stock Performance

DK opened at $58.68 on Tuesday. The firm has a 50 day moving average of $53.96 and a two-hundred day moving average of $44.66. The firm has a market capitalization of $3.60 billion, a PE ratio of 16.48, a P/E/G ratio of 1.57 and a beta of 0.57. Delek US has a 12-month low of $20.06 and a 12-month high of $68.93. 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 issued its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 108.48% and a net margin of 1.86%.The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the firm posted ($0.56) EPS. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, analysts anticipate that Delek US will post 8.32 EPS for the current year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.255 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.7%. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Insider Activity at Delek US

In other Delek US news, Director Vicky Sutil sold 1,871 shares of Delek US stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $48.00, for a total transaction of $89,808.00. Following the completion of the sale, the director directly owned 29,368 shares in the company, valued at $1,409,664. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laurie Z. Tolson sold 4,921 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $46.30, for a total value of $227,842.30. Following the completion of the sale, the director directly owned 18,226 shares in the company, valued at approximately $843,863.80. The trade was a 21.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,270 shares of company stock valued at $1,828,718 over the last 90 days. Corporate insiders own 3.56% of the company’s stock.

Institutional Trading of Delek US

A number of institutional investors and hedge funds have recently bought and sold shares of DK. Thoroughbred Financial Services LLC raised its holdings in Delek US by 1.3% during the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after purchasing an additional 348 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Delek US by 1.8% in the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 400 shares during the period. Aster Capital Management DIFC Ltd increased its stake in Delek US by 23.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in Delek US by 2.2% during the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after purchasing an additional 507 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.