Delek US Holdings Inc (NYSE:DK) Receives Consensus Rating of “Hold” from Brokerages

Delek US Holdings Inc (NYSE:DK) has received a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $47.24.

DK has been the topic of a number of recent research reports. ValuEngine downgraded Delek US from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Raymond James lowered their target price on Delek US from $46.00 to $45.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 10th. Finally, Goldman Sachs Group downgraded Delek US from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $44.00 to $42.00 in a research note on Tuesday, April 16th.

In other Delek US news, CFO Assi Ginzburg sold 10,478 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $38.95, for a total transaction of $408,118.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Pearl River Capital LLC purchased a new position in Delek US during the fourth quarter worth approximately $36,000. PNC Financial Services Group Inc. boosted its position in Delek US by 11.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,617 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 384 shares in the last quarter. Globeflex Capital L P purchased a new position in Delek US during the first quarter worth approximately $125,000. SG Americas Securities LLC acquired a new position in shares of Delek US during the first quarter valued at approximately $142,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Delek US by 11.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 4,624 shares of the oil and gas company’s stock valued at $150,000 after acquiring an additional 470 shares during the last quarter.

Shares of DK opened at $39.76 on Friday. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 8.28 and a beta of 1.41. The company has a quick ratio of 1.00, a current ratio of 1.48 and a debt-to-equity ratio of 0.99. Delek US has a one year low of $29.51 and a one year high of $56.36.

Delek US (NYSE:DK) last issued its earnings results on Monday, May 6th. The oil and gas company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $1.06. Delek US had a return on equity of 27.94% and a net margin of 5.48%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Delek US will post 4.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, June 3rd were paid a $0.28 dividend. This is an increase from Delek US’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, May 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.82%. Delek US’s dividend payout ratio is presently 23.33%.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.

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Analyst Recommendations for Delek US (NYSE:DK)

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