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

Delek US Holdings, Inc. (NYSE:DK) has been assigned a consensus rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $44.6923.

A number of equities research analysts recently weighed in on DK shares. Raymond James Financial increased their price target on Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. TD Cowen dropped their price target on Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Mizuho increased their price target on Delek US from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group upgraded Delek US from a “neutral” rating to a “buy” rating and increased their price target for the company from $43.00 to $55.00 in a research note on Friday, April 10th. Finally, Weiss Ratings cut Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th.

Delek US Trading Up 0.8%

NYSE DK opened at $43.07 on Thursday. The company has a market cap of $2.64 billion, a PE ratio of -47.33, a PEG ratio of 0.29 and a beta of 0.63. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. Delek US has a 12 month low of $18.12 and a 12 month high of $49.50. The stock has a 50 day moving average of $43.54 and a 200-day moving average of $37.70.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, beating the consensus estimate of ($1.42) by $1.50. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.32) EPS. On average, equities research analysts anticipate that Delek US will post 4.95 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, May 1st. Delek US’s dividend payout ratio is -112.09%.

Insiders Place Their Bets

In related news, EVP Reuven Spiegel sold 10,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $44.36, for a total value of $443,600.00. Following the sale, the executive vice president owned 48,372 shares in the company, valued at approximately $2,145,781.92. This represents a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Robert G. Wright sold 10,720 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total value of $504,590.40. Following the completion of the sale, the executive vice president owned 48,148 shares in the company, valued at approximately $2,266,326.36. This trade represents a 18.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 197,736 shares of company stock worth $8,433,442 in the last quarter. Company insiders own 3.56% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new position in Delek US during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its position in Delek US by 95.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after buying an additional 432 shares during the period. EverSource Wealth Advisors LLC increased its position 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 worth $29,000 after buying an additional 614 shares during the period. Torren Management LLC bought a new position in Delek US during the 4th quarter worth $40,000. Finally, Focus Partners Wealth bought a new position in Delek US during the 3rd quarter worth $44,000. 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.