Delek US Holdings, Inc. (NYSE:DK) Receives $53.15 Average Target Price from Analysts

Delek US Holdings, Inc. (NYSE:DK) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $59.0909.

Several brokerages recently weighed in on DK. Weiss Ratings upgraded Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Mizuho increased their target price on shares of Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Raymond James Financial lifted their target price on Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Wells Fargo & Company raised their price objective on Delek US from $59.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th.

Insider Activity at Delek US

In other news, EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $68.21, for a total value of $682,100.00. Following the completion of the transaction, the executive vice president owned 36,435 shares in the company, valued at approximately $2,485,231.35. The trade was a 21.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William J. Finnerty sold 1,457 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $64.70, for a total transaction of $94,267.90. Following the completion of the sale, the director owned 33,348 shares of the company’s stock, valued at $2,157,615.60. The trade was a 4.19% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 146,145 shares of company stock valued at $9,699,317. Insiders own 3.56% of the company’s stock.

Institutional Trading of Delek US

Institutional investors and hedge funds have recently modified their holdings of the stock. Thoroughbred Financial Services LLC boosted its stake in Delek US by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after acquiring an additional 348 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Delek US by 1.8% in the fourth 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 in the last quarter. Aster Capital Management DIFC Ltd grew its position in shares of 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 during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 432 shares during the period. Finally, Orion Porfolio Solutions LLC increased its position in shares of 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 acquiring an additional 507 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Delek US Price Performance

Shares of Delek US stock opened at $71.74 on Friday. Delek US has a 1-year low of $25.85 and a 1-year high of $77.40. The firm has a fifty day simple moving average of $62.47 and a 200-day simple moving average of $49.64. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.46 and a beta of 0.59.

Delek US (NYSE:DK) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business’s revenue was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.56) EPS. On average, sell-side analysts expect that Delek US will post 11.05 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US’s payout ratio is currently 28.65%.

Delek US Company Profile

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.