Analysts Set Delek US Holdings, Inc. (NYSE:DK) Target Price at $51.92

Shares of Delek US Holdings, Inc. (NYSE:DK) have been given a consensus rating of “Hold” by the fifteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $51.9231.

DK has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on shares of Delek US from $58.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, July 17th. TD Cowen boosted their price objective on shares of Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley upped their target price on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Mizuho boosted their price target on shares of Delek US from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th.

Insider Activity at Delek US

In other Delek US news, Director William J. Finnerty sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $51.50, for a total value of $257,500.00. Following the sale, the director owned 34,805 shares of the company’s stock, valued at $1,792,457.50. This trade represents a 12.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Reuven Spiegel sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $44.36, for a total value of $443,600.00. Following the completion of the sale, the executive vice president directly owned 48,372 shares in the company, valued at approximately $2,145,781.92. The trade was a 17.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,270 shares of company stock valued at $1,828,718 in the last ninety days. 3.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Delek US during the second quarter valued at approximately $275,233,000. Deutsche Bank AG bought a new position in shares of Delek US in the 2nd quarter worth $11,447,000. Alberta Investment Management Corp bought a new position in shares of Delek US in the 2nd quarter worth $4,624,000. Bank of New York Mellon Corp purchased a new stake in shares of Delek US during the 2nd quarter valued at $19,760,000. Finally, State of Wyoming purchased a new stake in shares of Delek US during the 2nd quarter valued at $501,000. 97.01% of the stock is currently owned by institutional investors.

Delek US Stock Performance

NYSE:DK opened at $60.79 on Tuesday. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. Delek US has a 52-week low of $20.06 and a 52-week high of $68.93. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.42 and a beta of 0.57. The business’s fifty day moving average is $54.54 and its 200 day moving average is $45.11.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the prior year, the firm posted ($0.56) EPS. The firm’s quarterly revenue was up 47.9% on a year-over-year basis. Research analysts predict that Delek US will post 9.03 EPS for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.7%. Delek US’s dividend payout ratio (DPR) is currently 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.