Delek US Holdings, Inc. (NYSE:DK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK) have earned an average rating of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $49.1538.

DK has been the subject of a number of research reports. TD Cowen raised shares of Delek US from a “hold” rating to a “buy” rating and upped their target price for the company from $50.00 to $58.00 in a report on Monday, June 29th. Morgan Stanley increased their price objective on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. lifted their target price on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday. Raymond James Financial boosted their target price on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Monday. Finally, The Goldman Sachs Group raised Delek US from a “neutral” rating to a “buy” rating and increased their price target for the stock from $43.00 to $55.00 in a report on Friday, April 10th.

Delek US Trading Up 3.2%

DK opened at $61.51 on Friday. Delek US has a 52 week low of $19.81 and a 52 week high of $62.53. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. The business has a fifty day simple moving average of $47.96 and a 200-day simple moving average of $40.98. The firm has a market cap of $3.77 billion, a P/E ratio of -67.60, a P/E/G ratio of 0.33 and a beta of 0.58.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the firm posted ($2.32) EPS. The company’s revenue was up .4% on a year-over-year basis. On average, equities analysts expect that Delek US will post 6.08 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, May 1st. Delek US’s payout ratio is -112.09%.

Insider Buying and Selling at Delek US

In related news, Director Laurie Z. Tolson sold 4,921 shares of the firm’s stock in a transaction dated 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 owned 18,226 shares in the company, valued at $843,863.80. This trade represents a 21.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Reuven Spiegel sold 10,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $44.36, for a total transaction of $443,600.00. Following the transaction, the executive vice president owned 48,372 shares in the company, valued at $2,145,781.92. The trade was a 17.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 39,270 shares of company stock worth $1,828,718. Company insiders own 3.56% of the company’s stock.

Hedge Funds Weigh In On Delek US

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in Delek US by 18.4% during the first quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock worth $4,201,000 after purchasing an additional 43,379 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Delek US during the first quarter worth $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Delek US by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Delek US by 3,979.8% in the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 19,899 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Delek US by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock valued at $2,213,000 after buying an additional 9,827 shares in the last quarter. 97.01% of the stock is 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.