Analysts Set Delek US Holdings, Inc. (NYSE:DK) Price Target at $20.40

Shares of Delek US Holdings, Inc. (NYSE:DK) have been assigned a consensus recommendation of “Reduce” from the ten research firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.40.

A number of research analysts have commented on the company. Mizuho lowered their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. upped their target price on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley cut their price target on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Piper Sandler dropped their target price on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd.

Insider Activity at Delek US

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought 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 owns 49,138 shares of the company’s stock, valued at $673,190.60. This trade represents a 6.04 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased a total of 5,055 shares of company stock valued at $70,787 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DK. Clifford Capital Partners LLC bought a new stake in shares of Delek US during the third quarter valued at approximately $7,504,000. JPMorgan Chase & Co. boosted its stake in Delek US by 76.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company’s stock valued at $9,041,000 after purchasing an additional 209,474 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Delek US by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company’s stock worth $14,186,000 after purchasing an additional 45,017 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Delek US by 4.5% in the third quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock worth $27,368,000 after purchasing an additional 63,502 shares during the last quarter. Finally, Summit Trail Advisors LLC bought a new position in shares of Delek US during the fourth quarter valued at $565,000. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Up 0.6 %

Shares of Delek US stock opened at $16.04 on Friday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US has a 52-week low of $13.40 and a 52-week high of $33.60. The company’s 50 day moving average price is $17.20 and its 200-day moving average price is $17.89. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -3.30 and a beta of 1.14.

Delek US (NYSE:DK) last released its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. Delek US’s revenue was down 39.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.46) EPS. Equities research analysts forecast that Delek US will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.36%. Delek US’s dividend payout ratio is currently -11.54%.

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.