Delek US (NYSE:DK) Price Target Raised to $66.00

Delek US (NYSE:DK) had its target price boosted by Mizuho from $60.00 to $66.00 in a research note published on Tuesday morning, MarketBeat Ratings reports. They currently have an outperform rating on the oil and gas company’s stock.

DK has been the topic of several other research reports. Raymond James Financial lifted their target price on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. The Goldman Sachs Group raised their price target on shares of Delek US from $58.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Morgan Stanley upped their price objective on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. Finally, Citigroup reiterated a “neutral” rating on shares of Delek US in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $52.38.

Delek US Price Performance

DK opened at $68.22 on Tuesday. The stock has a fifty day moving average of $55.69 and a 200-day moving average of $45.92. The firm has a market capitalization of $4.18 billion, a P/E ratio of 19.16, a PEG ratio of 1.65 and a beta of 0.57. Delek US has a 12-month low of $20.65 and a 12-month high of $68.93. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%.Delek US’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.56) earnings per share. Equities analysts forecast that Delek US will post 8.95 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.5%. Delek US’s dividend payout ratio (DPR) is 28.65%.

Insider Transactions at Delek US

In related news, EVP Reuven Spiegel sold 10,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $44.36, for a total value of $443,600.00. Following the transaction, the executive vice president owned 48,372 shares in the company, valued at approximately $2,145,781.92. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a 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 Vicky Sutil sold 1,871 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $48.00, for a total transaction of $89,808.00. Following the transaction, the director directly owned 29,368 shares in the company, valued at approximately $1,409,664. The trade was a 5.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,550 shares of company stock valued at $1,324,128 in the last quarter. Corporate insiders own 3.56% of the company’s stock.

Institutional Trading of Delek US

Several large investors have recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC boosted its holdings in Delek US by 1.3% in 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 raised its holdings in Delek US by 1.8% during the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock valued at $654,000 after buying an additional 400 shares in the last quarter. Aster Capital Management DIFC Ltd raised its holdings in Delek US by 23.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock valued at $67,000 after buying an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position 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 worth $26,000 after buying an additional 432 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in shares of Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after buying an additional 507 shares during the last quarter. 97.01% of the stock is owned by 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.