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

Shares of Delek US Holdings, Inc. (NYSE:DK) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $39.4615.

Several brokerages have issued reports on DK. UBS Group boosted their price target on Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Piper Sandler lowered their price objective on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. TD Cowen boosted their target price on shares of Delek US from $28.00 to $44.00 and gave the company a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Finally, Mizuho raised their price target on shares of Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, December 12th.

Delek US Stock Performance

Shares of Delek US stock opened at $42.35 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. Delek US has a twelve month low of $11.02 and a twelve month high of $45.74. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of -121.00 and a beta of 0.75. The company’s fifty day moving average is $32.38 and its 200 day moving average is $33.31.

Delek US (NYSE:DK) last announced its earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.63. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.Delek US’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned ($2.54) EPS. Sell-side analysts forecast that Delek US will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, March 2nd. Delek US’s dividend payout ratio is -291.43%.

Trending Headlines about Delek US

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: TD Cowen raised its price target from $28 to $44 (hold), narrowing upside uncertainty and signaling improving analyst visibility. Finviz
• Positive Sentiment: Quarterly results: Delek US reported a surprise EPS beat ($0.44 vs. est. -$0.19), which is supportive for the shares despite a slight revenue shortfall. (Source: company/market coverage)
• Positive Sentiment: Dividend declared: a $0.255 quarterly dividend (annualized $1.02, ~2.3% yield) payable March 9 — offers short-term income support for the stock.
• Neutral Sentiment: Institutional activity: several large funds have adjusted positions recently (mix of increases and new stakes); institutional ownership remains high (~97%), which can both stabilize and concentrate stock moves.
• Negative Sentiment: CEO sale: CEO Avigal Soreq sold 50,000 shares (~$2.05M at ~$41.08). Large insider sales from the CEO often trigger investor concern about timing and outlook. CEO Sale — SEC filing: Form 4
• Negative Sentiment: Additional insider selling: multiple executives and directors sold sizable stakes in early March (EVPs Reuven Spiegel — 20,000 sh; Joseph Israel — 38,000 sh; Directors Shlomo Zohar and William Finnerty also sold). The cluster of senior-level sales is adding downward pressure. Relevant SEC filings: Spiegel (Read More.), Israel (Read More.), Zohar (Read More.), Finnerty (Read More.).
• Negative Sentiment: Analyst moves mixed-to-negative: Citi and Piper Sandler trimmed price targets (to $33 and $40 respectively) and Weiss reiterated a sell — these downward revisions amplify selling pressure even as some shops (e.g., Mizuho) remain bullish.

Insiders Place Their Bets

In other Delek US news, Director Shlomo Zohar sold 22,029 shares of Delek US stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $44.83, for a total transaction of $987,560.07. Following the completion of the transaction, the director owned 18,989 shares in the company, valued at approximately $851,276.87. The trade was a 53.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Reuven Spiegel sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $42.84, for a total value of $856,800.00. Following the sale, the executive vice president directly owned 48,530 shares of the company’s stock, valued at $2,079,025.20. This represents a 29.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 142,764 shares of company stock worth $5,989,317 in the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DK. Allianz Asset Management GmbH grew its holdings in Delek US by 40.2% during the third quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after buying an additional 423,017 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Delek US in the 3rd quarter valued at $1,338,000. Federated Hermes Inc. bought a new position in Delek US during the 3rd quarter valued at $5,416,000. Quantbot Technologies LP purchased a new position in Delek US during the 2nd quarter worth $1,089,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Delek US during the 2nd quarter worth $454,000. Institutional investors own 97.01% of the company’s stock.

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.