Delek US Holdings, Inc. (NYSE:DK) Receives Average Recommendation of “Hold” from Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK) have earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $39.0769.

DK has been the subject of a number of research reports. Scotiabank lifted their price objective on Delek US from $33.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Bank of America raised their target price on shares of Delek US from $14.00 to $24.00 and gave the company an “underperform” rating in a research note on Wednesday, September 3rd. The Goldman Sachs Group lifted their price target on shares of Delek US from $28.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a research note on Wednesday, October 8th. Finally, Wolfe Research upgraded shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Wednesday, September 3rd.

Delek US Stock Performance

DK stock opened at $38.88 on Thursday. The company has a 50 day moving average price of $36.11 and a 200 day moving average price of $27.59. Delek US has a fifty-two week low of $11.02 and a fifty-two week high of $43.50. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.58. The stock has a market capitalization of $2.33 billion, a PE ratio of -4.76 and a beta of 0.99.

Delek US (NYSE:DK) last released its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. The company had revenue of $2.96 billion during the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%. Analysts forecast that Delek US will post -5.5 EPS for the current year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 10th were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.6%. Delek US’s dividend payout ratio is -12.50%.

Insider Transactions at Delek US

In related news, EVP Reuven Spiegel sold 27,000 shares of Delek US stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $41.36, for a total transaction of $1,116,720.00. Following the completion of the sale, the executive vice president directly owned 23,020 shares of the company’s stock, valued at $952,107.20. The trade was a 53.98% 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 Joseph Israel sold 20,028 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $41.12, for a total value of $823,551.36. Following the completion of the transaction, the executive vice president directly owned 62,793 shares in the company, valued at $2,582,048.16. The trade was a 24.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 66,489 shares of company stock worth $2,655,285 in the last three months. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several large investors have recently modified their holdings of DK. Comerica Bank increased its stake in Delek US by 96.3% during the 1st quarter. Comerica Bank now owns 40,336 shares of the oil and gas company’s stock worth $608,000 after purchasing an additional 19,788 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of Delek US in the first quarter valued at approximately $13,728,000. Callodine Capital Management LP boosted its holdings in shares of Delek US by 1,827.6% in the first quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company’s stock valued at $10,167,000 after buying an additional 639,661 shares during the period. Hsbc Holdings PLC increased its position in shares of Delek US by 6.8% during the first quarter. Hsbc Holdings PLC now owns 174,973 shares of the oil and gas company’s stock worth $2,677,000 after acquiring an additional 11,177 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Delek US during the first quarter worth $305,000. 97.01% of the stock is currently owned by institutional investors.

About Delek US

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.