Delek US Holdings, Inc. (NYSE:DK) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately bullish: Thirteen brokerages assign Delek US an average “Moderate Buy” rating, with a consensus 12-month price target of $65.45.
• Delek US reported strong quarterly results, earning $5.48 per share versus the $2.67 estimate, while revenue rose 47.9% year over year to $4.09 billion.
• The company pays a quarterly dividend of $0.255 per share, equal to a 1.4% yield, while insiders sold approximately $11.3 million of stock over the past three months.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has been given an average rating of "Moderate Buy" by the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $65.4545.

Several equities analysts have weighed in on DK shares. Weiss Ratings raised Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. TD Cowen increased their price target on shares of Delek US from $76.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, September 14th. Raymond James Financial raised their price objective on shares of Delek US from $72.00 to $90.00 and gave the company an "outperform" rating in a research note on Monday, September 14th. Morgan Stanley upped their target price on shares of Delek US from $45.00 to $81.00 and gave the stock an "equal weight" rating in a research note on Monday, September 14th. Finally, The Goldman Sachs Group raised their price target on shares of Delek US from $73.00 to $83.00 and gave the company a "buy" rating in a research report on Tuesday, August 18th.

Delek US Stock Down 1.6%

Shares of NYSE DK opened at $73.20 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The business's 50 day moving average is $68.68 and its two-hundred day moving average is $53.52. Delek US has a 52-week low of $25.85 and a 52-week high of $82.27. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 0.37 and a beta of 0.59.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The business had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $3.44 billion. During the same period in the previous year, the firm posted ($0.56) earnings per share. The company's revenue was up 47.9% on a year-over-year basis. Research analysts predict that Delek US will post 15.83 EPS for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US's payout ratio is 28.65%.

Insider Activity at Delek US

In related news, Director Vicky Sutil sold 6,397 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $71.50, for a total value of $457,385.50. Following the transaction, the director directly owned 26,407 shares of the company's stock, valued at $1,888,100.50. This trade represents a 19.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Amber Russell sold 5,392 shares of Delek US stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $75.50, for a total value of $407,096.00. Following the sale, the executive vice president owned 35,670 shares in the company, valued at $2,693,085. This trade represents a 13.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 168,377 shares of company stock worth $11,339,985 over the last three months. Company insiders own 3.56% of the company's stock.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently modified their holdings of the business. Tidal Investments LLC acquired a new stake in Delek US during the 2nd quarter worth $334,000. WINTON GROUP Ltd increased its stake in Delek US by 445.3% in the second quarter. WINTON GROUP Ltd now owns 57,800 shares of the oil and gas company's stock valued at $2,937,000 after purchasing an additional 47,200 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Delek US in the second quarter valued at about $61,000. Squarepoint Ops LLC boosted its stake in shares of Delek US by 110.9% during the second quarter. Squarepoint Ops LLC now owns 176,773 shares of the oil and gas company's stock worth $8,982,000 after buying an additional 92,957 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Delek US by 30.7% during the second quarter. Allworth Financial LP now owns 600 shares of the oil and gas company's stock worth $30,000 after buying an additional 141 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Company Profile

Delek US Holdings, Inc NYSE: DK is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.

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