Delek US Holdings, Inc. (NYSE:DK) Given Average Rating of “Hold” by Brokerages

Shares of Delek US Holdings, Inc. (NYSE:DK) have earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $38.8462.

A number of equities research analysts have recently issued reports on DK shares. Piper Sandler lowered their price target on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Raymond James Financial upped their target price on shares of Delek US from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Scotiabank set a $34.00 price target on shares of Delek US in a report on Friday, January 16th. UBS Group boosted their price target on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Finally, Wells Fargo & Company increased their price objective on Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th.

Insider Buying and Selling

In related news, EVP Joseph Israel sold 4,380 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $40.94, for a total value of $179,317.20. Following the sale, the executive vice president directly owned 55,761 shares of the company’s stock, valued at $2,282,855.34. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert G. Wright sold 2,303 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $40.43, for a total transaction of $93,110.29. Following the completion of the transaction, the executive vice president owned 38,966 shares of the company’s stock, valued at $1,575,395.38. This trade represents a 5.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new stake in Delek US in the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC raised its stake in Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares during the period. AlphaQuest LLC raised its stake in Delek US by 7,331.8% during the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,613 shares during the period. Torren Management LLC purchased a new position in Delek US in the 4th quarter worth approximately $40,000. Finally, Focus Partners Wealth bought a new position in Delek US in the 3rd quarter worth approximately $44,000. Institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

Shares of NYSE DK opened at $35.06 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 7.12. The stock has a fifty day simple moving average of $31.14 and a two-hundred day simple moving average of $31.47. Delek US has a 1-year low of $11.02 and a 1-year high of $43.50. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -4.30 and a beta of 0.84.

Delek US (NYSE:DK) last issued its earnings results on Friday, November 7th. The oil and gas company reported $7.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $6.85. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.45) EPS. Analysts anticipate that Delek US will post -5.5 earnings per share for the current year.

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.