Delek US Holdings, Inc. (NYSE:DK) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Delek US a “Moderate Buy.” The consensus includes five buy ratings, one strong-buy rating and eight holds, with an average 12-month price target of $70.83.
• Delek US reported quarterly EPS of $5.48, well above the $2.67 analyst consensus, while revenue rose 47.9% year over year to $4.09 billion.
• Shares opened at $76.75, near their 52-week high of $82.27. The company maintains a quarterly dividend of $0.255 per share, equivalent to a 1.3% annual yield.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $70.83.

DK has been the topic of several recent research reports. Zacks Research upgraded Delek US from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 26th. TD Cowen upped their price objective on Delek US from $76.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, September 14th. The Goldman Sachs Group increased their price objective on Delek US from $83.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday. Morgan Stanley lifted their target price on Delek US from $45.00 to $81.00 and gave the company an "equal weight" rating in a research note on Monday, September 14th. Finally, Wells Fargo & Company lifted their target price on Delek US from $82.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday.

Insider Transactions at Delek US

In other Delek US news, CEO Avigal Soreq sold 80,000 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the completion of the transaction, the chief executive officer owned 231,486 shares in the company, valued at approximately $15,396,133.86. This represents a 25.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Hobbs sold 20,000 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $64.59, for a total transaction of $1,291,800.00. Following the completion of the sale, the executive vice president owned 104,326 shares of the company's stock, valued at $6,738,416.34. This trade represents a 16.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 163,377 shares of company stock worth $11,082,485 over the last quarter. 3.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in Delek US by 842.7% during the third quarter. IFP Advisors Inc now owns 707 shares of the oil and gas company's stock worth $50,000 after purchasing an additional 632 shares in the last quarter. SummerHaven Investment Management LLC acquired a new stake in Delek US in the third quarter valued at about $2,403,000. State of Alaska Department of Revenue acquired a new stake in Delek US in the third quarter valued at about $858,000. Fortitude Family Office LLC boosted its holdings in Delek US by 223.7% in the 3rd quarter. Fortitude Family Office LLC now owns 547 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 378 shares in the last quarter. Finally, Contravisory Investment Management Inc. boosted its holdings in Delek US by 12.1% in the 3rd quarter. Contravisory Investment Management Inc. now owns 6,822 shares of the oil and gas company's stock valued at $487,000 after purchasing an additional 735 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Trading Down 0.2%

Shares of Delek US stock opened at $76.75 on Friday. Delek US has a 1 year low of $25.85 and a 1 year high of $82.27. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The company has a market capitalization of $4.70 billion, a P/E ratio of 21.56, a PEG ratio of 0.38 and a beta of 0.62. The company's fifty day moving average is $72.37 and its two-hundred day moving average is $57.30.

Delek US (NYSE:DK - Get Free Report) last announced its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating 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 business had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $3.44 billion. During the same period in the prior year, the company earned ($0.56) earnings per share. The business's revenue was up 47.9% compared to the same quarter last year. Analysts forecast that Delek US will post 15.95 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a $0.2550 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, August 3rd. Delek US's dividend payout ratio (DPR) is 28.65%.

Delek US Company Profile

Delek US Holdings, Inc is an independent downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing transportation fuels and other refined petroleum products for commercial and wholesale customers.

Delek's refining operations have included facilities in the U.S. Gulf Coast and Mid-Continent regions, with assets in Texas, Arkansas and Louisiana. Its products may include gasoline, diesel, jet fuel, asphalt and other refined products.

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