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

Shares of Delek US Holdings, Inc. (NYSE:DK) have received a consensus recommendation of “Reduce” from the ten analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $28.56.

Several research analysts have commented on DK shares. StockNews.com cut shares of Delek US from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Mizuho lifted their price objective on shares of Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, March 22nd. UBS Group increased their target price on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Wells Fargo & Company lifted their price target on Delek US from $21.00 to $26.00 and gave the company an “underweight” rating in a report on Wednesday, March 20th. Finally, Scotiabank increased their price objective on Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th.

Insider Buying and Selling at Delek US

In other news, CFO Robert G. Wright sold 2,123 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the sale, the chief financial officer now owns 18,925 shares in the company, valued at $539,362.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 4,976 shares of company stock worth $141,243 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Delek US

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates acquired a new position in Delek US in the fourth quarter worth $13,295,000. PNC Financial Services Group Inc. grew its holdings in Delek US by 129.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 13,992 shares of the oil and gas company’s stock worth $398,000 after acquiring an additional 7,892 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Delek US in the 3rd quarter valued at about $295,000. Diversified Trust Co bought a new position in shares of Delek US in the fourth quarter worth about $241,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Delek US by 34.7% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 201,982 shares of the oil and gas company’s stock worth $5,738,000 after purchasing an additional 51,982 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

NYSE:DK opened at $26.91 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. The business’s 50-day moving average price is $29.10 and its 200 day moving average price is $27.44. Delek US has a 52-week low of $19.39 and a 52-week high of $33.60. The firm has a market cap of $1.72 billion, a P/E ratio of 122.32 and a beta of 1.34.

Delek US (NYSE:DK) last released its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). Delek US had a return on equity of 18.27% and a net margin of 0.12%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, sell-side analysts predict that Delek US will post 1.38 earnings per share for the current fiscal year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from Delek US’s previous quarterly dividend of $0.25. Delek US’s dividend payout ratio (DPR) is 445.45%.

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.