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

Shares of Delek US Holdings, Inc. (NYSE:DK) have received an average rating of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $41.4615.

DK has been the topic of several research reports. Mizuho boosted their price target on shares of Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Raymond James Financial lifted their price objective on shares of Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Piper Sandler dropped their target price 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. Wells Fargo & Company increased their target price on shares of Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Scotiabank upgraded shares of Delek US to a “hold” rating in a report on Friday, March 27th.

Insider Buying and Selling at Delek US

In other news, EVP Denise Clark Mcwatters sold 11,988 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $41.33, for a total transaction of $495,464.04. Following the completion of the sale, the executive vice president directly owned 74,196 shares of the company’s stock, valued at $3,066,520.68. This represents a 13.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William J. Finnerty sold 5,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $45.50, for a total value of $227,500.00. Following the completion of the transaction, the director owned 41,369 shares of the company’s stock, valued at $1,882,289.50. This trade represents a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 172,095 shares of company stock worth $7,257,409. 3.56% of the stock is owned by insiders.

Institutional Trading of Delek US

A number of hedge funds have recently bought and sold shares of DK. Rockefeller Capital Management L.P. increased its position in shares of Delek US by 1,327.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 1,818 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Delek US by 350.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 1,585 shares in the last quarter. Invesco Ltd. lifted its position in shares of Delek US by 28.5% in the 4th quarter. Invesco Ltd. now owns 252,108 shares of the oil and gas company’s stock valued at $7,478,000 after acquiring an additional 55,941 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Delek US by 631.7% in the 4th quarter. Mackenzie Financial Corp now owns 54,234 shares of the oil and gas company’s stock worth $1,619,000 after purchasing an additional 46,822 shares during the period. Finally, XTX Topco Ltd boosted its stake in Delek US by 357.6% in the 4th quarter. XTX Topco Ltd now owns 138,495 shares of the oil and gas company’s stock worth $4,108,000 after purchasing an additional 108,231 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Stock Down 1.2%

Shares of DK stock opened at $45.19 on Wednesday. Delek US has a 1 year low of $11.02 and a 1 year high of $48.32. The stock has a market cap of $2.70 billion, a PE ratio of -129.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.75. The business’s fifty day moving average is $37.22 and its 200-day moving average is $35.26. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82.

Delek US (NYSE:DK) last announced its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.63. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm posted ($2.54) earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. Equities analysts expect that Delek US will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, March 2nd. Delek US’s dividend payout ratio is -291.43%.

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.