Delek US Holdings, Inc. (NYSE:DK) Receives $26.60 Average Target Price from Brokerages

Delek US Holdings, Inc. (NYSE:DK) has earned an average recommendation of “Reduce” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $25.50.

A number of equities research analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Delek US in a report on Thursday. They set an “underperform” rating and a $19.00 price target for the company. Piper Sandler decreased their target price on Delek US from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. Wells Fargo & Company dropped their price target on Delek US from $25.00 to $20.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 16th. TD Cowen cut Delek US from a “hold” rating to a “sell” rating and reduced their price objective for the company from $25.00 to $20.00 in a research report on Monday, June 10th. Finally, Mizuho reduced their target price on shares of Delek US from $31.00 to $27.00 and set an “underperform” rating for the company in a research note on Thursday, June 20th.

Insider Activity

In other Delek US news, Director Richard J. Marcogliese acquired 2,750 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was acquired at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the transaction, the director now owns 42,863 shares of the company’s stock, valued at $1,028,283.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,854 shares of company stock valued at $71,078 in the last ninety days. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Delek US

Large investors have recently bought and sold shares of the company. Spirit of America Management Corp NY bought a new position in Delek US in the fourth quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Delek US in the 1st quarter valued at about $31,000. Strs Ohio acquired a new stake in Delek US in the 4th quarter valued at about $95,000. Allspring Global Investments Holdings LLC acquired a new position in Delek US during the first quarter worth approximately $172,000. Finally, TFO Wealth Partners LLC lifted its position in shares of Delek US by 627,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock valued at $162,000 after buying an additional 6,274 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Up 0.0 %

DK opened at $21.63 on Monday. The firm has a market cap of $1.39 billion, a P/E ratio of -17.44 and a beta of 1.19. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.64 and a current ratio of 1.04. The business has a 50 day moving average price of $24.95 and a 200 day moving average price of $26.92. Delek US has a twelve month low of $21.16 and a twelve month high of $33.60.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the company earned $1.37 earnings per share. Delek US’s revenue for the quarter was down 17.8% on a year-over-year basis. Research analysts forecast that Delek US will post -2.23 EPS for the current year.

Delek US Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.62%. This is an increase from Delek US’s previous quarterly dividend of $0.25. Delek US’s dividend payout ratio is -80.65%.

Delek US Company Profile

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.