Delek US Holdings, Inc. (NYSE:DK) Receives $16.94 Average Price Target from Analysts

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has received a consensus rating of "Reduce" from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $17.02.

DK has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Delek US from $18.00 to $14.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group decreased their price target on shares of Delek US from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $22.00 to $23.00 in a research note on Tuesday. Wells Fargo & Company reduced their price objective on Delek US from $16.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Raymond James lowered their target price on Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th.

Delek US Trading Up 6.5%

Shares of DK stock traded up $1.06 during trading on Friday, hitting $17.39. 1,901,980 shares of the stock traded hands, compared to its average volume of 1,249,756. Delek US has a 52-week low of $11.03 and a 52-week high of $28.91. The firm has a market capitalization of $1.06 billion, a P/E ratio of -3.58 and a beta of 0.74. The firm's fifty day moving average price is $14.13 and its 200-day moving average price is $16.61. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm's revenue for the quarter was down 18.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.41) earnings per share. As a group, research 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 disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.87%. Delek US's payout ratio is currently -9.18%.

Insider Buying and Selling

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the purchase, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at approximately $673,190.60. The trade was a 6.04% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 5,055 shares of company stock worth $70,787 over the last 90 days. 1.80% of the stock is owned by insiders.

Institutional Trading of Delek US

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC increased its position in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after buying an additional 1,311 shares during the period. CWM LLC increased its holdings in shares of Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 1,164 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in shares of Delek US in the 1st quarter valued at $47,000. GAMMA Investing LLC raised its position in Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after purchasing an additional 3,746 shares during the last quarter. Finally, KBC Group NV boosted its stake in Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock worth $71,000 after purchasing an additional 1,538 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.