Delek US Holdings, Inc. (NYSE:DK) Stock Has Consensus Target Price of $70.83

Delek US Holdings, Inc. (NYSE:DK) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $70.83.

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Morgan Stanley boosted their target price on shares of Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday, September 14th. JPMorgan Chase & Co. boosted their target price on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, Freedom Broker began coverage on shares of Delek US in a report on Wednesday, October 7th. They set a “hold” rating and a $86.00 target price on the stock.

Insider Buying and Selling at Delek US

In other Delek US news, Director Gary M. Jr. Sullivan sold 27,688 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $69.01, for a total value of $1,910,748.88. Following the transaction, the director owned 32,004 shares of the company’s stock, valued at $2,208,596.04. This trade represents a 46.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Amber Russell sold 5,392 shares of Delek US stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $75.50, for a total value of $407,096.00. Following the completion of the transaction, the executive vice president owned 35,670 shares of the company’s stock, valued at approximately $2,693,085. The trade was a 13.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 163,377 shares of company stock worth $11,082,485. 3.56% of the stock is owned by company insiders.

Hedge Funds Weigh In On Delek US

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Delek US in the second quarter valued at $275,233,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Delek US by 26.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,596,093 shares of the oil and gas company’s stock valued at $71,936,000 after acquiring an additional 335,892 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Delek US by 19.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,136,720 shares of the oil and gas company’s stock worth $51,232,000 after acquiring an additional 181,820 shares during the last quarter. Bank of America Corp DE grew its position in shares of Delek US by 118.0% during the first quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock worth $38,138,000 after acquiring an additional 458,004 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Delek US during the second quarter worth about $22,987,000. 97.01% of the stock is owned by institutional investors.

Delek US Trading Up 3.4%

Shares of NYSE DK opened at $77.63 on Friday. The stock’s 50 day moving average price is $72.94 and its two-hundred day moving average price is $57.82. Delek US has a 52-week low of $25.85 and a 52-week high of $82.27. The stock has a market capitalization of $4.75 billion, a P/E ratio of 9.98, a PEG ratio of 0.37 and a beta of 0.62. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53.

Delek US (NYSE:DK) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%. Delek US’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.56) EPS. On average, analysts anticipate that Delek US will post 15.95 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 10th. Stockholders of record on Monday, August 3rd were issued a $0.2550 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a dividend yield of 1.3%. Delek US’s payout ratio is 28.65%.

Delek US Company Profile

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.