Delek US Holdings, Inc. (NYSE:DK) Receives $21.85 Average Target Price from Brokerages

Delek US Holdings, Inc. (NYSE:DK – Get Rating) has received an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $21.85.

DK has been the topic of a number of recent research reports. Piper Sandler reduced their price target on shares of Delek US from $28.00 to $25.00 in a research report on Tuesday, January 25th. Bank of America upgraded shares of Delek US from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $17.00 to $21.00 in a research report on Tuesday, March 8th. Raymond James raised their price target on shares of Delek US from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 15th. Morgan Stanley reduced their price target on shares of Delek US from $23.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 12th. Finally, StockNews.com initiated coverage on shares of Delek US in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

NYSE DK opened at $23.49 on Tuesday. Delek US has a 12 month low of $13.48 and a 12 month high of $26.09. The company has a current ratio of 0.94, a quick ratio of 0.56 and a debt-to-equity ratio of 2.24. The company’s fifty day moving average price is $19.69 and its two-hundred day moving average price is $18.22.

Delek US (NYSE:DK – Get Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The oil and gas company reported ($0.61) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.19. Delek US had a negative net margin of 1.91% and a negative return on equity of 23.08%. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the firm posted ($2.25) EPS. The firm’s revenue was up 65.1% compared to the same quarter last year. Analysts predict that Delek US will post 0.93 EPS for the current year.

In other Delek US news, Director Delek Us Holdings, Inc. sold 5,463 shares of the firm’s stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $41.00, for a total transaction of $223,983.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 155,869 shares of company stock worth $6,627,782. 1.40% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in DK. Morgan Stanley grew its stake in shares of Delek US by 660.4% in the 2nd quarter. Morgan Stanley now owns 369,741 shares of the oil and gas company’s stock worth $7,994,000 after purchasing an additional 321,118 shares during the last quarter. Strs Ohio grew its stake in shares of Delek US by 729.1% in the 3rd quarter. Strs Ohio now owns 45,600 shares of the oil and gas company’s stock worth $819,000 after purchasing an additional 40,100 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Delek US by 170.3% in the 3rd quarter. SG Americas Securities LLC now owns 44,476 shares of the oil and gas company’s stock worth $799,000 after purchasing an additional 28,023 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Delek US by 11.6% in the 3rd quarter. Van ECK Associates Corp now owns 13,490 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 1,406 shares during the last quarter. Finally, Versor Investments LP acquired a new position in shares of Delek US in the 3rd quarter worth approximately $201,000. 89.24% of the stock is currently owned by hedge funds and other institutional investors.

About Delek US (Get Rating)

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.

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