Delek US Holdings, Inc. (NYSE:DK) Receives $17.27 Consensus Target Price from Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK - Get Free Report) have received an average recommendation of "Reduce" from the twelve research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $17.27.

Several brokerages have weighed in on DK. Scotiabank lowered their target price on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Piper Sandler lowered their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Raymond James lowered their target price on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. UBS Group lowered their target price on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Mizuho raised shares of Delek US from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $22.00 to $23.00 in a research note on Tuesday, May 13th.

Insider Activity at Delek US

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, with a total value of $38,360.00. Following the acquisition, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at $673,190.60. The trade was a 6.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 5,055 shares of company stock valued at $70,787 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Delek US

Institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC grew its position in Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after buying an additional 1,311 shares during the last quarter. CWM LLC grew its position in 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 buying an additional 1,164 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in Delek US in the 1st quarter valued at $47,000. KBC Group NV grew its position in Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock valued at $71,000 after buying an additional 1,538 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 buying an additional 3,746 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Price Performance

Shares of NYSE DK traded up $0.03 during mid-day trading on Thursday, reaching $19.15. The company's stock had a trading volume of 942,657 shares, compared to its average volume of 1,313,184. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US has a 1-year low of $11.03 and a 1-year high of $25.68. The stock has a 50-day moving average of $15.40 and a two-hundred day moving average of $16.81. The stock has a market capitalization of $1.16 billion, a P/E ratio of -3.94 and a beta of 0.96.

Delek US (NYSE:DK - Get Free Report) last announced 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). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the company posted ($0.41) EPS. The company's revenue for the quarter was down 18.1% compared to the same quarter last year. On average, equities research analysts anticipate that Delek US will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were issued a $0.255 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a yield of 5.33%. Delek US's dividend payout ratio (DPR) is -9.18%.

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.