Delek US Holdings, Inc. (NYSE:DK) Receives $53.15 Average Target Price from Brokerages

Delek US Holdings, Inc. (NYSE:DK) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $59.0909.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Delek US from $59.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday. Mizuho raised their price objective on shares of Delek US from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group lifted their price objective on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Weiss Ratings raised shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, TD Cowen increased their target price on Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, July 21st.

Insider Transactions at Delek US

In other Delek US news, CEO Avigal Soreq sold 80,000 shares of Delek US stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the transaction, the chief executive officer owned 231,486 shares of the company’s stock, valued at $15,396,133.86. The trade was a 25.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Richard J. Marcogliese sold 2,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $71.05, for a total value of $142,100.00. Following the completion of the transaction, the director owned 12,880 shares in the company, valued at $915,124. This represents a 13.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 153,645 shares of company stock worth $10,248,392. 3.56% of the stock is currently owned by company insiders.

Institutional Trading of Delek US

Several institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its stake in Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 432 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Delek US during the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC grew its holdings in shares of Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 614 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Delek US during the 2nd quarter valued at $30,000. Finally, Torren Management LLC purchased a new position in shares of Delek US during the 4th quarter valued at $40,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Trading Down 0.3%

Shares of DK opened at $72.21 on Friday. The business’s 50-day moving average price is $63.46 and its 200 day moving average price is $50.06. The stock has a market capitalization of $4.42 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.44 and a beta of 0.59. Delek US has a 1-year low of $25.85 and a 1-year high of $77.40. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53.

Delek US (NYSE:DK) last posted its quarterly earnings data 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 company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the firm earned ($0.56) earnings per share. The business’s quarterly revenue was up 47.9% on a year-over-year basis. Analysts expect that Delek US will post 11.05 earnings per share for the current year.

Delek US Dividend Announcement

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

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.