Delek US Holdings, Inc. (NYSE:DK) Receives $20.40 Consensus PT from Analysts

Delek US Holdings, Inc. (NYSE:DK) has been assigned a consensus rating of “Reduce” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.40.

DK has been the topic of a number of recent analyst reports. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Piper Sandler dropped their price target on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company increased their price objective on Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday. Morgan Stanley lowered their price objective on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th.

Insider Buying and Selling

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. The trade was a 6.04 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 5,055 shares of company stock valued at $70,787 over the last quarter. 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 made changes to their positions in the company. Rubric Capital Management LP bought a new position in Delek US during the 3rd quarter valued at about $37,500,000. Philosophy Capital Management LLC bought a new position in shares of Delek US in the third quarter valued at approximately $21,471,000. Millennium Management LLC boosted its holdings in shares of Delek US by 1,199.2% in the 4th quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company’s stock worth $16,100,000 after acquiring an additional 803,274 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in Delek US during the 4th quarter worth approximately $13,680,000. Finally, FMR LLC increased its holdings in Delek US by 47.3% during the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after purchasing an additional 548,777 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Down 4.9 %

Shares of Delek US stock opened at $16.11 on Friday. Delek US has a 12-month low of $13.40 and a 12-month high of $33.60. The stock has a market capitalization of $1.01 billion, a P/E ratio of -3.31 and a beta of 1.14. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The stock has a 50 day moving average price of $17.36 and a two-hundred day moving average price of $17.93.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business’s quarterly revenue was down 39.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.46) earnings per share. Equities analysts expect that Delek US will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s payout ratio is -11.54%.

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.