Delek US Holdings, Inc. (DK) Given Average Recommendation of “Hold” by Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK) have earned an average rating of “Hold” from the twenty analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $23.59.

A number of equities research analysts have issued reports on DK shares. BidaskClub lowered shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Goldman Sachs Group, Inc. (The) raised shares of Delek US Holdings from a “neutral” rating to a “buy” rating and raised their price target for the stock from $26.00 to $30.00 in a report on Tuesday, May 16th. Citigroup Inc. reissued a “buy” rating and issued a $29.00 price target (down previously from $32.00) on shares of Delek US Holdings in a report on Saturday, April 22nd. Royal Bank Of Canada reissued a “buy” rating and issued a $32.00 price target on shares of Delek US Holdings in a report on Thursday, April 20th. Finally, Zacks Investment Research raised shares of Delek US Holdings from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, July 21st.

In related news, CFO Assi Ginzburg sold 20,000 shares of Delek US Holdings stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $26.00, for a total transaction of $520,000.00. Following the completion of the transaction, the chief financial officer now directly owns 103,367 shares of the company’s stock, valued at approximately $2,687,542. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $26.80, for a total transaction of $30,444.80. Following the completion of the transaction, the insider now directly owns 13,683 shares of the company’s stock, valued at $366,704.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 238,345 shares of company stock valued at $6,072,096. 1.42% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Delek US Holdings by 19,567.7% in the first quarter. BlackRock Inc. now owns 3,861,746 shares of the oil and gas company’s stock valued at $93,726,000 after buying an additional 3,842,111 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Delek US Holdings by 6,177.0% in the first quarter. UBS Asset Management Americas Inc. now owns 2,241,075 shares of the oil and gas company’s stock valued at $54,391,000 after buying an additional 2,205,372 shares during the period. FMR LLC boosted its position in shares of Delek US Holdings by 169.5% in the first quarter. FMR LLC now owns 3,401,981 shares of the oil and gas company’s stock valued at $82,566,000 after buying an additional 2,139,800 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Delek US Holdings by 67.0% in the second quarter. JPMorgan Chase & Co. now owns 2,415,921 shares of the oil and gas company’s stock valued at $63,877,000 after buying an additional 969,671 shares during the period. Finally, Norges Bank purchased a new position in shares of Delek US Holdings during the fourth quarter valued at about $20,978,000. 97.17% of the stock is owned by institutional investors and hedge funds.

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Delek US Holdings (NYSE:DK) opened at 22.20 on Friday. The firm’s market cap is $1.38 billion. Delek US Holdings has a 52-week low of $14.76 and a 52-week high of $27.85. The company’s 50 day moving average price is $25.93 and its 200 day moving average price is $24.58.

Delek US Holdings (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.37. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $944.29 million. Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. Delek US Holdings’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned ($0.08) EPS. Analysts predict that Delek US Holdings will post ($0.27) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.70%. Delek US Holdings’s dividend payout ratio (DPR) is currently -25.86%.

About Delek US Holdings

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

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