Analysts Set Delek US Holdings, Inc. (NYSE:DK) Target Price at $51.92

Delek US Holdings, Inc. (NYSE:DK) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong 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 $51.9231.

Several brokerages have issued reports on DK. Morgan Stanley lifted their price target on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. The Goldman Sachs Group raised their price objective on Delek US from $58.00 to $73.00 and gave the company a “buy” rating in a report on Friday, July 17th. TD Cowen boosted their target price on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Delek US in a research note on Thursday.

Delek US Price Performance

Shares of NYSE:DK opened at $58.38 on Tuesday. The company’s fifty day moving average price is $54.24 and its 200-day moving average price is $44.75. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.54 and a beta of 0.57. Delek US has a one year low of $20.06 and a one year high of $68.93. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.49.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm posted ($0.56) EPS. The firm’s revenue was up 47.9% compared to the same quarter last year. On average, equities research analysts anticipate that Delek US will post 9.03 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.7%. Delek US’s dividend payout ratio is 28.65%.

Insider Activity at Delek US

In related news, EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction on Monday, May 18th. The shares were sold at an average price of $44.36, for a total value of $443,600.00. Following the transaction, the executive vice president owned 48,372 shares in the company, valued at $2,145,781.92. This trade represents a 17.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laurie Z. Tolson sold 4,921 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $46.30, for a total value of $227,842.30. Following the transaction, the director directly owned 18,226 shares in the company, valued at $843,863.80. This trade represents a 21.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,270 shares of company stock worth $1,828,718 in the last 90 days. Corporate insiders own 3.56% of the company’s stock.

Hedge Funds Weigh In On Delek US

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Thoroughbred Financial Services LLC lifted its position in Delek US by 1.3% in the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after purchasing an additional 348 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Delek US by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 400 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of Delek US by 23.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 425 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Delek US by 95.6% in the fourth 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. Finally, Orion Porfolio Solutions LLC increased its stake in shares of Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after buying an additional 507 shares during the period. 97.01% of the stock is currently owned by institutional investors.

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.