Brokerages Set Delek US Holdings, Inc. (NYSE:DK) PT at $16.94

Shares of Delek US Holdings, Inc. (NYSE:DK) have earned an average rating of “Reduce” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.02.

A number of analysts have recently issued reports on DK shares. Wells Fargo & Company lowered their price target 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. Morgan Stanley lowered their price target on Delek US from $18.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Piper Sandler lowered their price target on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. UBS Group lowered their price target on Delek US from $21.00 to $13.25 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Finally, Scotiabank lowered their price objective on Delek US from $24.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th.

Insider Activity at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $13.70 per share, with a total value of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought a total of 5,055 shares of company stock valued at $70,787 in the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Delek US

A number of hedge funds have recently added to or reduced their stakes in the stock. Ion Asset Management Ltd. lifted its position in Delek US by 6.4% during the 1st quarter. Ion Asset Management Ltd. now owns 3,676,400 shares of the oil and gas company’s stock worth $55,403,000 after acquiring an additional 221,400 shares during the period. Barclays PLC lifted its position in Delek US by 23.1% during the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company’s stock worth $34,078,000 after acquiring an additional 345,210 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Delek US by 35.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,037,599 shares of the oil and gas company’s stock worth $15,637,000 after acquiring an additional 270,792 shares during the period. Nuveen Asset Management LLC lifted its position in Delek US by 21.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company’s stock worth $18,598,000 after acquiring an additional 180,498 shares during the period. Finally, Northern Trust Corp lifted its position in Delek US by 9.2% during the 1st quarter. Northern Trust Corp now owns 987,086 shares of the oil and gas company’s stock worth $14,875,000 after acquiring an additional 83,246 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Stock Up 1.8%

Shares of DK stock opened at $18.89 on Friday. The stock has a 50 day moving average of $14.44 and a 200 day moving average of $16.65. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The stock has a market cap of $1.15 billion, a P/E ratio of -3.89 and a beta of 0.74. Delek US has a twelve month low of $11.03 and a twelve month high of $28.91.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the business posted ($0.41) earnings per share. The firm’s revenue for the quarter was down 18.1% on a year-over-year basis. As a group, sell-side analysts expect that Delek US will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be given a $0.255 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.40%. Delek US’s dividend payout ratio (DPR) is presently -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.