Delek US Holdings, Inc. (NYSE:DK) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Delek US Holdings, Inc. (NYSE:DK) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $65.45.

DK has been the subject of several analyst reports. 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. The Goldman Sachs Group lifted their price objective on shares of Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Wells Fargo & Company boosted their price objective on shares of Delek US from $59.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Mizuho upped their target price on shares of Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lifted their price target on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th.

Delek US Price Performance

Shares of NYSE DK opened at $68.67 on Wednesday. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The business has a 50-day moving average of $69.22 and a 200-day moving average of $54.46. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 0.33 and a beta of 0.59. Delek US has a fifty-two week low of $25.85 and a fifty-two week high of $82.27.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating the consensus estimate of $2.67 by $2.81. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The business’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.56) earnings per share. As a group, sell-side analysts predict that Delek US will post 16.06 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.2550 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, August 3rd. Delek US’s payout ratio is currently 28.65%.

Insider Buying and Selling at Delek US

In related news, EVP Reuven Spiegel sold 10,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.21, for a total value of $682,100.00. Following the sale, the executive vice president owned 36,435 shares in the company, valued at approximately $2,485,231.35. This represents a 21.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Sullivan, Jr. sold 27,688 shares of the stock in a transaction on 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 completion of the sale, the director owned 32,004 shares in the company, valued at approximately $2,208,596.04. This trade represents a 46.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 163,377 shares of company stock worth $11,082,485 in the last three months. 3.56% of the stock is owned by insiders.

Institutional Trading of Delek US

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Delek US in the 2nd quarter valued at about $275,233,000. Norges Bank bought a new stake in shares of Delek US during the fourth quarter worth approximately $48,374,000. Arrowstreet Capital Limited Partnership grew its position in shares of Delek US by 26.7% in 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 purchasing an additional 335,892 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Delek US by 19.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,136,720 shares of the oil and gas company’s stock valued at $51,232,000 after purchasing an additional 181,820 shares during the last quarter. Finally, Bank of America Corp DE increased its stake 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 purchasing an additional 458,004 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.