Analysts Set Delek US Holdings, Inc. (NYSE:DK) PT at $28.56

Delek US Holdings, Inc. (NYSE:DK) has earned a consensus recommendation of “Reduce” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.56.

Several research firms recently weighed in on DK. TD Cowen boosted their target price on Delek US from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Scotiabank boosted their target price on Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Wells Fargo & Company boosted their target price on Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, March 20th. UBS Group boosted their target price on Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, Mizuho boosted their target price on Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a report on Friday, March 22nd.

Insider Transactions at Delek US

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the completion of the sale, the chief financial officer now owns 18,925 shares in the company, valued at approximately $539,362.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 4,976 shares of company stock worth $141,243. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently made changes to their positions in DK. AE Wealth Management LLC acquired a new stake in shares of Delek US in the 3rd quarter valued at $510,000. IFP Advisors Inc bought a new position in shares of Delek US in the 3rd quarter worth $28,000. SG Americas Securities LLC bought a new position in shares of Delek US in the 3rd quarter worth $295,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Delek US in the 3rd quarter worth $307,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Delek US by 35.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,129 shares of the oil and gas company’s stock worth $401,000 after purchasing an additional 3,711 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Trading Up 0.7 %

NYSE:DK opened at $26.91 on Wednesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.99 and a quick ratio of 0.63. Delek US has a fifty-two week low of $19.39 and a fifty-two week high of $33.60. The stock’s 50-day moving average is $29.13 and its two-hundred day moving average is $27.43. The stock has a market cap of $1.72 billion, a PE ratio of 122.32 and a beta of 1.34.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.28) by ($0.18). The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.55 billion. Delek US had a net margin of 0.12% and a return on equity of 18.27%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. As a group, equities research analysts forecast that Delek US will post 1.38 earnings per share for the current fiscal year.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 3.64%. This is a boost from Delek US’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 29th. Delek US’s dividend payout ratio (DPR) is currently 445.45%.

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.