Analysts Set Delek US Holdings, Inc. (NYSE:DK) PT at $39.08

Shares of Delek US Holdings, Inc. (NYSE:DK) have been given a consensus recommendation of “Hold” by the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $39.0769.

Several research firms have commented on DK. Wolfe Research raised shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Wednesday, September 3rd. Bank of America boosted their price target on shares of Delek US from $14.00 to $24.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 3rd. TD Cowen raised their price objective on Delek US from $28.00 to $36.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Scotiabank lifted their price objective on Delek US from $33.00 to $40.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Finally, Wells Fargo & Company increased their target price on Delek US from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, November 10th.

Delek US Trading Down 0.6%

NYSE DK opened at $38.67 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 7.12. The stock’s 50-day simple moving average is $36.39 and its two-hundred day simple moving average is $27.90. Delek US has a twelve month low of $11.02 and a twelve month high of $43.50. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -4.74 and a beta of 0.99.

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

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 10th were issued a $0.255 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.02 annualized dividend and a dividend yield of 2.6%. Delek US’s dividend payout ratio (DPR) is currently -12.50%.

Insider Activity at Delek US

In other Delek US news, EVP Reuven Spiegel sold 27,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were 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 owned 23,020 shares of the company’s stock, valued at $952,107.20. This represents a 53.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 transaction 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. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 66,489 shares of company stock worth $2,655,285 in the last three months. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently bought and sold shares of the stock. Comerica Bank lifted its stake in shares of Delek US by 96.3% in the 1st quarter. Comerica Bank now owns 40,336 shares of the oil and gas company’s stock valued at $608,000 after purchasing an additional 19,788 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in Delek US in the first quarter worth $13,728,000. Hsbc Holdings PLC lifted its position in 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 valued at $2,677,000 after buying an additional 11,177 shares during the period. Callodine Capital Management LP boosted 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 buying an additional 639,661 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Delek US in the 1st quarter worth about $305,000. 97.01% of the stock is 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.