Analysts Set Delek US Holdings, Inc. (NYSE:DK) PT at $24.73

Shares of Delek US Holdings, Inc. (NYSE:DK) have been assigned a consensus rating of “Reduce” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.09.

A number of research firms have recently weighed in on DK. JPMorgan Chase & Co. cut their target price on Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday. Scotiabank lowered their price target on Delek US from $27.00 to $25.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and lowered their price target for the stock from $28.00 to $26.00 in a report on Monday, September 16th. Finally, Wolfe Research initiated coverage on Delek US in a report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price target for the company.

Insiders Place Their Bets

In related news, CEO Avigal Soreq purchased 5,651 shares of Delek US stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the transaction, the chief executive officer now owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently made changes to their positions in the stock. Encompass Capital Advisors LLC bought a new stake in shares of Delek US during the 2nd quarter valued at about $22,833,000. Point72 Asset Management L.P. bought a new stake in shares of Delek US during the 2nd quarter valued at about $19,806,000. Norges Bank bought a new stake in shares of Delek US during the 4th quarter valued at about $16,341,000. SIR Capital Management L.P. boosted its position in shares of Delek US by 37.2% during the 2nd quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock valued at $21,693,000 after purchasing an additional 237,734 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Delek US by 627.2% during the 1st quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company’s stock valued at $8,191,000 after purchasing an additional 229,992 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

NYSE:DK opened at $20.25 on Friday. The stock has a fifty day moving average price of $20.35 and a 200-day moving average price of $24.62. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -16.33 and a beta of 1.13. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. Delek US has a fifty-two week low of $18.25 and a fifty-two week high of $33.60.

Delek US (NYSE:DK) last released its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.31 billion. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The company’s revenue was down 18.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. As a group, equities analysts anticipate that Delek US will post -3.19 EPS for the current fiscal year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Monday, August 12th. This is a boost from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio is presently -82.26%.

About Delek US

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.