Delek US Holdings, Inc. (NYSE:DK) Given Average Recommendation of "Hold" by Analysts

Key Points

• Delek US Holdings, Inc. has received an average recommendation of "Hold" from analysts, with three sell recommendations, nine holds, and three buys, while the average 12-month price target is $27.69.
• The CFO sold 7,135 shares of Delek US stock at an average price of $29.24, decreasing their ownership by 12.87%.
• The company reported a quarterly earnings loss of ($0.56) per share, exceeding analyst expectations and generating revenue of $2.76 billion, though this represented a 16.4% year-over-year decrease.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has been given an average recommendation of "Hold" by the fifteen research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $27.6923.

Several brokerages have weighed in on DK. Wolfe Research raised shares of Delek US from a "peer perform" rating to an "outperform" rating and set a $40.00 price target for the company in a research report on Wednesday, September 3rd. Scotiabank reissued a "sector perform" rating and set a $20.00 price target (up previously from $14.00) on shares of Delek US in a research report on Friday, July 11th. Weiss Ratings reissued a "sell (d-)" rating on shares of Delek US in a research report on Saturday, September 27th. Raymond James Financial increased their price target on shares of Delek US from $26.00 to $33.00 and gave the company an "outperform" rating in a research report on Tuesday, September 9th. Finally, Cowen raised shares of Delek US from a "sell" rating to a "hold" rating in a research report on Friday, September 19th.

Insiders Place Their Bets

In other news, CFO Robert G. Wright sold 7,135 shares of Delek US stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the sale, the chief financial officer directly owned 48,294 shares in the company, valued at $1,412,116.56. The trade was a 12.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently made changes to their positions in DK. AMG National Trust Bank grew its holdings in shares of Delek US by 0.4% in the second quarter. AMG National Trust Bank now owns 109,223 shares of the oil and gas company's stock worth $2,313,000 after purchasing an additional 472 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in Delek US by 2.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company's stock worth $492,000 after acquiring an additional 507 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in Delek US by 5.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company's stock worth $287,000 after acquiring an additional 686 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Delek US by 8.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company's stock worth $250,000 after acquiring an additional 955 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Delek US by 3.0% during the 2nd quarter. International Assets Investment Management LLC now owns 35,186 shares of the oil and gas company's stock worth $745,000 after acquiring an additional 1,029 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Stock Down 1.7%

Shares of NYSE DK opened at $31.48 on Wednesday. The firm has a market cap of $1.89 billion, a PE ratio of -2.56 and a beta of 1.01. Delek US has a 12-month low of $11.02 and a 12-month high of $34.50. The company's fifty day simple moving average is $27.46 and its 200 day simple moving average is $21.52. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share for the quarter, beating analysts' consensus estimates of ($0.92) by $0.36. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the firm earned ($0.92) earnings per share. The firm's revenue was down 16.4% on a year-over-year basis. As a group, sell-side analysts forecast that Delek US will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, August 11th. Delek US's dividend payout ratio (DPR) is -8.30%.

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.

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