Analysts Set Delek US Holdings, Inc. (NYSE:DK) Price Target at $39.54

by · The Cerbat Gem

Shares of Delek US Holdings, Inc. (NYSE:DK – Get Free Report) have been given an average rating of “Hold” by the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.5385.

Several analysts have issued reports on DK shares. Raymond James Financial boosted their target price on shares of Delek US from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Scotiabank upped their price target on Delek US from $33.00 to $40.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Mizuho increased their price objective on Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Cowen raised Delek US from a “sell” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Wall Street Zen upgraded Delek US from a “sell” rating to a “hold” rating in a report on Friday, October 3rd.

Read Our Latest Stock Report on DK

Delek US Price Performance

NYSE DK opened at $29.55 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 7.12. Delek US has a 1 year low of $11.02 and a 1 year high of $43.50. The company has a market cap of $1.77 billion, a PE ratio of -3.62 and a beta of 0.82. The stock’s 50-day moving average price is $36.79 and its two-hundred day moving average price is $29.80.

Delek US (NYSE:DK – Get Free Report) last released its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share for the quarter. The business had revenue of $2.96 billion for the quarter. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. On average, analysts predict that Delek US will post -5.5 EPS for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 10th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, November 10th. Delek US’s dividend payout ratio is currently -12.50%.

Insiders Place Their Bets

In related news, EVP Robert G. Wright sold 2,303 shares of the 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 sale, the executive vice president directly owned 38,966 shares in the company, valued at approximately $1,575,395.38. This trade represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph Israel sold 4,380 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $40.94, for a total value of $179,317.20. Following the completion of the transaction, the executive vice president owned 55,761 shares in the company, valued at $2,282,855.34. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 59,354 shares of company stock worth $2,446,658 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Delek US

A number of hedge funds and other institutional investors have recently made changes to their positions in DK. Arrowstreet Capital Limited Partnership grew its stake in shares of Delek US by 6,300.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after buying an additional 1,285,861 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in Delek US in the first quarter valued at approximately $13,728,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Delek US by 113.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,601,777 shares of the oil and gas company’s stock worth $33,926,000 after acquiring an additional 851,458 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Delek US during the 3rd quarter worth $23,308,000. Finally, Callodine Capital Management LP raised its holdings in shares of Delek US by 1,827.6% during the 1st quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company’s stock valued at $10,167,000 after purchasing an additional 639,661 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Delek US

(Get Free Report)

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.

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